RE:RE:Short Time + layoffs + firing part-timers = Destroyed Moraleonlygame wrote:
Juvenile response...
Maybe so. However, he is right that the continuing layoffs (less than 10 non-managerial employees are left) in Mississauga have destroyed the last vestiges of morale there. Now they introduced a short work-week in Germany, pointing to a serious lack of orders. There can only be two possible developments in the next 3 months, considering a burn-rate of over EUR1,000,000 per month. Either, there will be another financing (with the commensurate hair-cut for the minority shareholders), or restructuring under CCRA, where the haircut is done with the guillotine for retail shareholders.
I know that I will be attcked for this comment, but the very near future will either prove me right, or I will forever stop posting on this board (should one of the two mentioned "possible outcomes" not arrive by mid-February).