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Old 21st Dec 2008, 08:58
  #19 (permalink)  
Betwixt and Between
 
Join Date: May 2007
Location: west australia
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Im not sure of current staff numbers at XR but am guessing that 30 staff equals about 10% of the workforce, that is a big number in my view.
But, most intriguing I think, is that on 4 Dec the shareholders were advised that all is rosy and the company is under huge expansion, new aircraft etc and increased charters by some 112%.
To go from that 4 Dec announcement (see link to shareholder information on XR website) to only a week or so later laying off 30 staff (10%?) without notice does not stack up to just a bit of belt tightening.
I can not imagine how these two events - the shareholder good news advice followed quickly by the layoffs - can sit alongside eachother and make sense.
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