Having changed the work rosters from 8/4 (days) to 2/1 (weeks) which i highlighted a few weeks ago saving some $60m to FMG - if it hasnt already been mentioned Wages for workers are also being cut, this has already happened as of last week by almost 10%. The impact of these two major cost cutting measures probably wont have an impact till the next quarterly, but i guess we need to offset this by the fact average IO price received this quarter will also be lower.
quarterly report, page-121
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$22.36 |
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-0.230(1.02%) |
Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
| $22.46 | $22.63 | $22.34 | $108.3M | 4.768M |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
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