we had our jobs guaranteed until September. Now we are all in limbo. Pretty much everyone just wants Connie and her cretins gone. At the start management said that the freeze on firing (not hiring lmao) was them helping us with Covid, but then the takeover was announced and it became clear that was the real reason. Given Connie ruthlessly cuts staff around every 6 months (maximum) to meet short term profitability targets (redundancy costs are the reason you have and will always see “one off” expenses in the accounts and why management use very creative accounting terms in the released reports rather than a simple net income(LOSS) figure), we are all expecting her to cut staff just before Christmas like she has done previously. Management are desperate for a deal. If the deal falls over we know Connie will cut staff to recoup the costs she wasted on this deal - she won’t cut her pay or her cretin’s pay, it will be the people that do not always tow the line (that is, those who dare question anything) that will go again. Hopefully the deal goes through, Iress clear out the terrible management, and we start fresh under Iress....
OVH Price at posting:
36.5¢ Sentiment: Sell Disclosure: Held
