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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

Post by forkliftguyon Apr 07, 2020 11:19am
256 Views
Post# 30886656

What a laugh

What a laughTorstar says that they will eliminate 85 positions . (  In my opinion these are very hard working employee's and I am so sorry that you have lost you're income  ) and reduce executive pay by 20 %  .  Based on the share pewrformance over the last few years , what the release should have said in my opinion would be " The company will eliminate almost all  Executive positions and slightly reduce pay of 85 hard working employee's " .. If they really cared about employee's , management  should have cut their total remuneration by more than 50 % .  And even that is not enough . As I said " What a laugh " . 




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