Slam click;
Fortunately the Wilds realised that in the current aviation climate (just look at the mining sector, or the huge Qantas & Virgin profit losses), that restructuring and consolidation was necessary to maintain the long term future of a company that has grown very quickly over the last few years.
If you believe that then you are either very young and naive or you are the company spokesman. Maybe you believe in the tooth fairy also? Perhaps things have more to do with poor management decisions, after all they have punted all the old managers in the past 12 months. Now why would you do that if you were already an efficient well oiled smart business managed by competent people that were simply consolidating?
But wait, another, from Toodogs this time;
The company's financiers forced their hand with the redundancies. I am confident that the owners would not have chosen this action on their initiative.
Yes, in hindsight, it was a poor action to take, but unfortunately it is not always the management of businesses that make the choices regarding work force and financial matters.
What, are businesses run different in FNQ to the rest of the world? So the big bad financiers are at fault? No no definitely not the company or its managers, it's everybody else's fault, of course? It couldn't have been management fantasising about a mining boom that they 'guessed' may last for decades more and they hedged all their bets on that? Maybe it is also the fault of the bogey man as well!