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Glentel Inc GLNIF



GREY:GLNIF - Post by User

Bullboard Posts
Comment by Satman3on Jul 29, 2010 11:48pm
291 Views
Post# 17309435

RE: RE: Q2 Results WOW!

RE: RE: Q2 Results WOW! No wonder they make it look like business centers have become profitable, they definitely been shedding a lot of their higher paid staff salaries and closing regional offices to make it look like they are a profitable business!  If you shed all of your guys over 60k/year and close office space, it can make it look like they been doing well on your balance sheets.
However, its no secret that morale is very low due to the constant change in reporting chain of command and org. structure like every few months and change in office spaces.  This is in addition to very low paid staff, having their sick days no longer entitled to them anymore (they just take it away from your 2 week vacation entitlement!).  But more importantly, the business division was built more for a 1990s-early 2000 business model since the solutions in telecom have innovated further to beyond what the company has to offer, such as VOIP.  Clients are smart enough knowing they can better spend their money elsewhere, furthermore competition in the telecom sector has increased making the company harder to compete with the current overhead and the current way of business they have with their broken workflows/inaccurate IT systems/little training/low end skills behind the desks.
 I believe they have a desired timeline to try to sell business before 2012, is that right robert 40? 
Bullboard Posts