This company is very top heavy, and often procedure is considered far above what may be good for the employees, production, and of course, the poor shareholders. There are lots of levels of dead wood that need to be remunerated.
New middle management will often seek shorter term KPI's to impress the board, all the while kicking the cans down the road, until something breaks, which it does, A LOT. Then, large losses of production usually always happen, except it's just not on THEIR watch.
Hopefully though, things may turn around and the Kwinana shut down could hopefully be the start of a more effective, long term , cost rationalisation..
AWC Price at posting:
97.5¢ Sentiment: Hold Disclosure: Not Held
