Re: Orius
Member #: 14770
Registered: 1996-2001
Posted:
44
Name:
John McWilliam
Name:
John McWilliam
Company:
POLELINE SERVICES LTD
Occupation:
Prime Contrctor
Location:
BUCKEYE
Personal:
mid 60s
Experience:
~45 years
> I beleive the term I heard was "corporate restructuring". They're not broke yet, but I would say that the buzzards are starting to circle. Not only are they delaying subcontractor checks but also expense checks to ther own employees. All raises were froze over a year ago and they stopped matching contibutions on their 401K. All signs of being strapped for cash. Also, it seems like most of their lay-offs have been at the field level. Lineman, splicers and mid-level managment are getting the boot while the "glass palace" remains intact. They sure look top heavy to me. At this pace they'll be toast in less than a year.
This is CABL.com posting #89178. Tiny Link: cabl.co/mxmw
Posted in reply to: Orius by The Chief
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