KiwiNZ:mattwnz:KiwiNZ:kawaii:freitasm:networkn:TimA: lol. VF has made like 500 people redundant. In the news and all.
I must be a grumpy old goat as I can't see the humour of the situation at all.
Youngsters these days use "lol" for anything. It is an overused expression and it makes me cringe.
As for your comment, yes, hard to see humour in such a situation. People's lives are being shaken to the core. Some have not experienced how bad it can be.
Personally I can't work out how they can justify laying of 500 people given that they're making a decent profit, their call times are horrendous and it isn't as though their employees are sitting around idle waiting for something to happen - personally they should be going in the opposite direction and hiring more people or at least investing more money into technology as to reduce the need for people to ring up in the first place. It reminds me of when I had a personal loan with ASB - if I have to ring up to ask for an operator to make an extra payment to my personal loan then there is something very wrong with the current setup in online banking (they've only just added that facility recently). Same can be said for Vodafone - if I have to ring up for someone to do something that could be done online then there is something severely wrong because the only time I should ever need to ring up someone at Vodafone is if my set top box has exploded or my cable modem has become possessed by an evil spirit and I require an exorcism asap.
They reported a $25+ Million loss.
Not all staff are support staff or remotely capable of being support staff. In a merger the size of VF/TCL there would have been a large number of duplicate roles inherited that need to be cleaned up, they have reached that point. They will no doubt hire needed staff when that process is complete.
Losses on paper though may not be a true reflection of how the business is doing. It may represent a lot of investment etc, to grow the value of the company. Xero for instance makes losses but is in growth mode, and it's value has grown a lot.
But laying of staff is never easy, and is one of the reasons the top staff make big money. I would far prefer more evenly distributed wages throughout a company. Some CEOs of large companies over seas earn huge amounts of wage, many earn more in a week than some workers earn in a year. Do people need to earn that sort of money? You may as well just work for a year and then retire and travel the world.
The higher wages are earnt, my wife has a senior position and earns well, she works very hard. She starts usually around 7am and finishes around 8pm sometimes later. She travels every week and travels overseas often sometimes for a fortnight where she works the full fortnight and returns to continue working. In the last two months she has been to China twice and goes again next month. It is right that she earns a high salary.