Aecon Group Inc T.ARE

Memo from management to employees about cuts?

[Dividends]

Can we expect a memo to employees that times are tough and we need to all cut to stay profitable. I gave example of Aecon vehicles. Employees can just take their own. I see so many new trucks. Doubt really need all of those.

we need to be looking for Pennies on the dollar. Management compensation cuts as well. Salary freezes. Do not complete any jobs that don't pay Enough and get clients to pay more before we even start . They can hire someone else if not happy. We aren't responsible for inflation  

if I wanted a charity case I would of bought a hockey team... 

we need to stop the madness now

[riverrrow]

If the company can't turn a profit then maybe it should stop bidding on projects.  As each project is done let those employees that worked on it go.  Wind this company down.  The employees can keep the shiny trucks as their severance.

[Dividends]

I agree with scaling down ( not keeping the shiny new trucks lol) but retain the top ones. Staffing is tough!  we don't need to bid on projects that lose money.  management really needs to do their job or step back. have we given them timelines to work with before the board announces changes ? will the dividend payout be prioritized as well? I figure yes.  id

[Bubba35]

Sorry but I think you're way off with this post.  All infrastructure companies have been affected by rising material costs and delays ultimately affecting most projects.  These increased costs and delays are typically shared with the client.  Yes claims will recover some but those take time to resolve and in the interim share price is affected.  Cutting wages and staff is

[riverrrow]

Personally I'm not talking about employees using personal vehicles for construction work but rather using Aecon trucks to get to work from their home on company time and dime.  I don't know what their starting work time is but quite often one of my neighbours that works for Aecon doesn't leave for work until 7 am.  I would have thought that would be the starting time, but I

[Dividends]

Same page. Get to work with own vehicle. Foreman can have truck on site with tools. we gotta cut, the margins are GONE. Pouff

[riverrrow]

I happened to have the good fortune of attending a gathering today which included an Aecon worker bee.  He is under the misquided impression that Aecon is raking in the profits.  I pointed out Aecon has lost money the last two quarters.  He didn't believe me.