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Old 23rd Apr 2020, 03:51
  #1021 (permalink)  
PPRuNeUser0198
 
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I don't understand how PS can say there will be no redundancies. Is that not a decision the new investors/owners will make assuming they get one? He may well be first out the door.


I can assure you there will be. And the promise of none during the administration is never a locked promise. They've looked at the remaining cash outflows, inflows and balance - and determined they have a few months left of operations which is all they need to determine the pathway for VA. But do not be fooled - at any time - this could change. Likely cheaper to keep people on (even on no pay or on leave) than to pay out redundancy costs.

And it will be a given that if VA comes out - the so-called 'lean, restructured business' will not need the same FTE that exists today. It will be a smaller footprint for sure. The '750' existed already, won't be the end of it.
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