Originally Posted by
southside bobby
Racedo.......The key word I feel in your reply is "time"...how much time would it be fair to spend to address problems some of which in the v harsh world & in bad dreams be anticipated,but certainly game planned on a wet afternoon..
This is taught I would feel in management school as would such a thing as business damage control,however harsh the answer or outcome.
Are you seriously considering a £100mill + projected loss was only noticed this week?..
Nope it would have been forcast long before that however they were attempting to sell off parts of the business to other airlines and salvage something. Likely there was a runt of it that would close no matter what.
What they found was nobody interested as Monarch became a "desperate seller" so why bother when it has nothing of value aside from slots which you may pick up cheaply from receiver.
Airlines can pick and chose staff without worrying they were inheriting their pensions or rights under TUPE or inheriting any big potential liabilities like pensions or length of sevice or business liabilities like leases.