Quote:
Originally Posted by Pierre
? When.
There were 600 mainly management roles went about a year ago.
And many of those were given fantastic packages
I'm pretty sure if 3000 had gone I'd have remembered it.
|
Over the last couple of years there has been thousands of jobs go at VM.
---------- Post added at 18:10 ---------- Previous post was at 17:42 ----------
Quote:
Originally Posted by Mr Banana
What debt constraints? LG are incredibly good at managing debt and raising finance. In the last 18 months alone, they have bought VM for 16billion, Ziggo for 9.4 billion, 481 million for stake in ITV, 183 million euros sorting out some competition stuff in Germany, announced 3 billion VM investment and on top of all that they are in the middle of a 3 year plan to buy back 6.5 billion dollars worth of shares.
Yes they have loads of debt but it's mangagable debt
They are very canny in what they invest in and even if the slate was wiped clean, I doubt they would invest in rural areas.
|
But it's still debt, there's just good at moving it around.
They won't be cabling the rest of the nation any time soon if at all. These little roll outs and trials are a drop in the ocean compared to what's needed. They can't just keeping piling on more and more debt when there is no guarantee of a return. It's look like they are living beyond their means. I understand they are a LG are a humongous company and can service the debt by spreading it out amongst their other companies but it looks like they are spending money where they don't need to?