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Fortress Global Enterprises Inc - Class A FTPLF

Forest Products Lumber & Wood Production
Fortress Global Enterprises Inc produces paper pulp, security papers, and other security-related products. The company through its segments produces dissolving pulp which is primarily used for viscose/rayon manufacturers in Asia. Its business is spread across Asia where it generates most of its revenues, Europe, Canada, and International.


GREY:FTPLF - Post by User

Fortress Global Enterprises Inc - Class A
Bullboard Posts
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(4)
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Comment by OptsyEagleon Jul 27, 2011 8:56am
182 Views
Post# 18877210

RE: RE: RE: RE: RE: RE: FTP to release Second Quar

RE: RE: RE: RE: RE: RE: FTP to release Second QuarChad indicated, that in Switzerland, the terminated employees work out their severence benefits.  So, whereas in Canada, we would fire a guy and give him 26 weeks of pay (because he had work for 13 years), in Switzerland, they fire a guy and let him work there for another 26 weeks.  A little bizarre but that is how Chad says things are done.  So the expenses will continue for a while but no big charge against earnings in one quarter. 

All in all, Q2 will not be that great.  It's all about 2012.
Bullboard Posts
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