Thread regarding Harsco Corp. layoffs

Here it is –> +184NzHed

Can someone start a new feed titled "Harsco 2021"?

I think these comments should be copied/placed in the 2021 layoff discussion.

I did not know there was a layoff.
I also would like to know more about this.

How many were laid-off this past week?

Based on the latest financial disclosure, Harsco has a Probability Of Bankruptcy of 50.0%. ... The probability of bankruptcy for all United States stocks is 25.53% lower than that of the firm.
www.macroaxis.com › invest › ratio
What is Harsco Probability Of Bankruptcy? HSC | Macroaxis

Google: Harsco term loans
Click on : news
Fitch rating (first one listed)

Google search: Harsco Loans 2021
Read Fitch ratings.

Google search: Harsco Bankruptcy
Read Macro Axsis. Thoughts?

https://finance.yahoo.com/news/harsco-chief-financial-officer-peter-211500501.html
Harsco Chief Financial Officer Peter F. Minan to Retire in April 2021

https://finance.yahoo.com/news/harsco-corporation-moodys-downgrades-harscos-225406002.html
Harsco Corporation – Moody's downgrades Harsco's CFR to Ba3; outlook remains negative

Harsco finances getting tighter, seems to me like layoff is a real possibility.

https://finance.yahoo.com/news/harsco-corporation-participate-bmo-capital-130000842.html
Harsco Corporation to Participate in BMO Capital Markets 2020 Growth & ESG Conference

https://capitalmarkets.bmo.com/en/about-us/
BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world.

It has been rather quiet lately.
Usually no news is good news, but sometimes it is quiet before the storm.
How is Harsco Rail doing?

Look-up Cbonds.com and look up Harsco.
Also, Google "Harsco Rail credit rating"

I am concerned about the future of Harsco Rail because of comments like these from the Harsco CEO in various new releases:

"“We are incredibly proud to have two divisions named to this prestigious industry list, which reinforces our strategic decision to transform into a single-thesis environmental solutions company”

"The third quarter developed largely as we anticipated on a consolidated basis with our environmental businesses improving sequentially, while our rail business, which did not see a significant impact from COVID throughQ2, was affected by weak demand and an unfavorable product mix."

"Looking ahead, we expect our end markets to continue to improve throughout the quarter and into 2021, with recovery in our environmental businesses leading that of our Rail business. Our Q4 outlook reflects these positive trends in both Harsco Environmental and in Clean Earth."

"Two years after making a strategic decision to undergo a complete business transformation into a leading global environmental solutions provider, more than 80-percent of Harsco’s revenue now comes from environmental services and products, compared to just 60-percent in 2017."

What did everyone think about the Quarterly report?

Tuesday Nov 3, Harsco announces 3rd quarter results.
I hope Harsco had a good 3rd quarter so no Layoffs.

Look up Guru Focus. Doesn't look good.

I work at Harsco Rail and am wondering if I am in danger of layoff during next couple months.

End of third quarter this week.
Have you heard any more rumors?

Heard anymore news?

berkshire hathaway is looking at buying the Rail business.

Check the earnings report, not good. Do not believe the backlog, more orders cancelled and no new orders.

Confirmed Rail did some cuts in July, almost all of Protran gone, heard there is only two people left. They did let more go last week and will continue, end of quarter will be blood bath.

All investments will go to Environmental and Clean Earth, Rail will be sold in 3-6 months.

Any more news?

Yes, several people in the Protran group,6 -10 over 75% of the middle layer from what I can tell, including sales people, ouch. The same week they have employee appreciation celebrations, yep, now I hear that message loud and clear now.

Of course none of the upper layers, yet, Mr Gil is going to be gone soon, already not an officer of the company, check out the annual report.

More to come. Will be a month by month and quarterly layoffs for the next several years, no growth left when you get rid of the sales and commercial people who are looking out long term.

We will be a month by month just get a sale for something, we are desperate company.

The great backlog they talk about in the quarterly reviews for Wallstreet is drying up and not real. Orders cancled every week.

Nick G. Does not care about Rail anymore, just read where all the press releases are focused. Let's see how much time he spends on it in the quarterly meeting coming up.

Lots of good people are leaving or looking to leave as soon as they can including me.

Confirmed.

Heard rumors that Harsco Rail did a layoff of middle managers in July.