Good times isn’t for everyone

It is depressing to know that, even though Melbourne and Victoria in general, seems to be doing well economically, there are companies in trouble. The latest in the news, has been the company Ajax Engineered Fasteners. About 200 employees have been stood down since yesterday. They are currently in protest, having a stand in or sit in (depending on how you see it), at their factory in Braeside, fighting for their entitlements.

And because most companies operate on a just-in-time policy, stoppage at the factory will affect subsequent manufacturers such as Holden and Ford manufacturing plants. It is difficult to understand how a company who supplies large manufacturing companies could be in such dire straits unless there were some severe mismanagement but that is just my conjecture.

Article from the Herald Sun

Article from the Age

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