UML 0.00% 3.3¢ unity mining limited

uml shedding jobs, page-5

  1. 245 Posts.
    I'd be worried if management weren't keeping a tight reign on expenses in the current lower margin environment. 19 contractors let go probably means around $1.5mil/yr in savings.

    Hopefully the workers find rapid reemployment, but this is the life of a mining contractor; moving project to project and at the mercy of commodity cycles.

    It would be a nice gesture if we saw the directors taking a small salary cut this year.

 
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