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07:49
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It's very easy for the board to issue a statement clarifying the headcount reduction in order to keep the market informed - esp if it is indicative of a broader focus on urgent cost reduction strategies within the business.
Originally posted by anatol:
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LOL... "Liontown Resources lays off executives, staff in tough lithium market ". Who are those executives? No clue. Liontown Resources on Tuesday axed about a third of its head office staff, as lithium prices continue to languish in a market many believe is oversupplied as the take-up of electric vehicles lags behind expectations ."" Liontown ... axed its head office staff" " in a market many believe is oversupplied" "the take-up of electric vehicles lags behind expectations"
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