STU - Steel & Tube Holdings

[Balance]

Rounds of redundancies and layoffs have for decades been an effective way of easing out low performers and closing down locations with current or future issues. Those location issues might be financial, geographical, skill availability.

Yup - saw it happened a plenty during the GFC. Get rid of the poor performers, the too highly paid (when a younger executive can do the job on lower pay) and unfortunately, those not politically (office) aligned to those in charge.

[percy]

Yup - saw it happened a plenty during the GFC. Get rid of the poor performers, the too highly paid (when a younger executive can do the job on lower pay) and unfortunately, those not politically (office) aligned to those in charge.

Sounds as though Winner69's great diversity manual is being thrown out the window.?.!

[winner69]

Sounds as though Winner69's great diversity manual is being thrown out the window.?.!

No PERCY ...they using the manual ......replacing old past it white guys with young people of mixed genders, races etc is good.

[Balance]

No PERCY ...they using the manual ......replacing old past it white guys with young people of mixed genders, races etc is good.

Haha - you are too fast with your answer!

[percy]

No PERCY ...they using the manual ......replacing old past it white guys with young people of mixed genders, races etc is good.

And that sums up why turn- arounds and restructures take longer and cost more.
All the old past it guys had all the knowledge and experience of the business.

[winner69]

Whatever happens to STU over the next year it’s almost a give they won’t be ‘more stronger and resilient’ and will go through the whole process again.

[Chinesekiwi]

And that sums up why turn- arounds and restructures take longer and cost more.
All the old past it guys had all the knowledge and experience of the business.

A la Fletchers.

[steveb]

well talking of Fletchers didn't the board come out and say they were worth more than the $1.90 FBU offered?

Remind me again what is the shareprice today and are all the board still in jobs

[dodgy]

And that sums up why turn- arounds and restructures take longer and cost more.
All the old past it guys had all the knowledge and experience of the business.

Agree Percy,
Change for the sake of diversity etc etc is a modern nonsense. Basic common sense dictates that the best person for the job always should get the job - period.
-dodgy

[nztx]

All hunky dory then ...no worries

Some outfits however still manage to orchestrate the honky dory turning to major crap fairly well

STU in recent years appears to be among that little bundle on repeat occasions

How much shareholder value have they managed to fairly well destroy in the past 4 or 5 years ?

Close to FBU yet or still a little way off ?