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Tenaris ADR Rep 2 Ord Shs T.TS.B


Primary Symbol: TS

Tenaris S.A. is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.


NYSE:TS - Post by User

Comment by Mediawatcheron Oct 27, 2018 3:40pm
134 Views
Post# 28882708

RE:RE:...from the Globe and Mail....

RE:RE:...from the Globe and Mail....I don’t see the announcement in The Globe but if it’s true it will be followed by:
  1. No employee traveling more than the service area of the TTC;
  2. No entertainment of clients unless the menu at the establishment includes a biggie size option;
  3. Cell phone purchases are now limited to flip phones and local calling only;
  4. Raises will be limited to executives who deserve every penny for the daily sacrifices they make for their greater good;
  5. Muffin, bagels and cookies are banned from all staff meetings unless an executive or board member is present;
  6. Finally, Christmas is canceled until further notice;
A hiring freeze is right from the useless executive playbook. It gives the appearance of decisive management action when in fact it signals the exact opposite. Clearly they are bankrupt of ideas in how to meaningfully change the direction of the organization if a hiring freeze is the best they have to offer. It usually precedes another bad quarter of results and going to the Board with your dismal 2019 budget.

You don’t replace jobs when the position is no longer adding value. You don’t hire unless the position is necessary to add value. Hardly rocket science. 

Pronouncing a hiring freeze is simply another sign of the impending Armageddon. 
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