Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: The Duke
Just last night we identified the criteria for making the decision to shut down the company.

Does that mean that you have already met the criteria and you are shutting down?

What a shame.

15 posted on 09/04/2012 1:52:12 PM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
[ Post Reply | Private Reply | To 10 | View Replies ]


To: E. Pluribus Unum
Does that mean that you have already met the criteria and you are shutting down?

No, we've identified a threshold below which if the balance drops we're going to initiate an orderly shutdown. That shutdown might take six months, but the layoffs will happen early on.

Hopefully it doesn't come to that, but we just climbed out from a mountain of debt, and we're not going back there.

20 posted on 09/04/2012 6:45:16 PM PDT by The Duke
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson