NetJets Europe

FL290 · 10-05-2009, 05:06 AM

Our transatlantic brothers are reporting that NetJets Europe CEO has just fallen on his sword too. Sounds like Sokol is starting to sort that mess out too. It never made a profit in the good ol days and it sure aint gonna in the next few years.

bubi352 · 10-05-2009, 05:59 AM

“Business conditions can change such as to necessitate temporary and permanent layoffs,” Buffett told investors at Berkshire’s shareholder meeting in May. “There’s really no alternative.”

jtf560 · 10-05-2009, 08:19 AM

There was a recent announcement of something like 15 percent of the overall employees at NJE would be getting laid off. I think it was to include 6 percent of the pilots, but I don't remember for sure and I'm not sure if that includes those who took voluntary measures or not.

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