Reducing Staffing yet?I would feel much more confident that we may come out of this eventaully if I had any confidence that these folks were actually reducug staff. If you look at the number of employees they had from 2015 to 2017 it remained at about 1,100 in spite of them saying they were going to reduce by a significant number. Some have been on here describing employees sitting around playing cards and collecting a paycheque...at the expense of shareholders. Cetainly it's "socially commendable" for them to continue to support their own managemnt and employees by guarenteeing them an income...I absolutely get that - I suspect, given past behavious we can expect more of the same - all this is to say...don't expect them to make shareholder value a priority all of a sudden - leopards seldom change their spots.
CPG is a company for employees and managment it's simply not a company for shareholders...sadly.
Sucks to be us
Rusty