MCE 3.85% 25.0¢ matrix composites & engineering limited

http://au.news.yahoo.com/thewest/business/a/-/wa/10374174/matrix-...

  1. 587 Posts.
    http://au.news.yahoo.com/thewest/business/a/-/wa/10374174/matrix-lays-off-70-workers/

    apparently 70 workers were layed off. Conflicting stories on whether they were in the dark or were given a chance to move to the other factory - It definately wouldnt have been all of them because the new factory has been designed with more automation, hence reducingthe need for labour.

    At least 70 workers at $50K is shaving off $3.5M in direct costs for the company. Now where are those contract announcements?
 
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