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Cash Store Financial Services Inc CSFS



NYSE:CSFS - Post by User

Comment by spinozaon Apr 09, 2014 3:30pm
303 Views
Post# 22431503

RE:RE:RE:RE:Layoffs / Hours

RE:RE:RE:RE:Layoffs / HoursThe branches in Ontario are now open Monday to Friday, 10 AM to 6 PM. No evenings and no weekends. They are there to bring home what ever is outstanding and then they will likely start shutting down branches, sub leasing space. They need to do it quickly as the remaining staff are Management, they are not stupid and see the writing on the wall. Perhaps management has promised decent severance for them if they stay for a few months and get done what needs to get done. But the Cash Store is done in Ontario IMO. 
However, given the circumstances what else could head office do? Need to conserve cash to try and live to fight another day. Happens all the time not just with these guys. 
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