PPRuNe Forums - View Single Post - IAG: BA restructuring may cost 12,000 jobs
Old 13th May 2020, 13:41
  #490 (permalink)  
TOM100
 
Join Date: Jan 2006
Location: London
Posts: 309
Likes: 0
Received 0 Likes on 0 Posts
It is ironic tho (serious point) that these MPs are the same people that hauled historic Thomas Cook execs in to ask them why they took on so much extra debt, didn’t take decisive leadership action to address their structures until they left it too late, ran out of cash, had little options available and the business failed. They cited lack of leadership and decisiveness to protect the business. I know it’s not a direct read across but surely it is better take the action when you have liquidity and hence time.....and who is to say this thing (or any other macroeconomic shock) doesn’t come along in 10 months time.....
TOM100 is offline