Thread regarding Harsco Corp. layoffs

What's likely to happen

My prediction, you will see in this order.
1 - first round of lay offs and cost write downs, typically large.
2 - there will be a press release about the buyers.
3 - sale completed after government approves.
4 - another round of lay offs as the buyers always have their own people.

Most at risk, management and support functions, purchasing, HR, accounting. All RLT members will be given great incentives when they leave "voluntarily" of course "to spend more time with their families" as they drive trucks full of cash to the banks.

Good comment, bumped from @1Dyvp+184NzHed for visibility.

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| 1091 views | | 8 replies (last April 8, 2021) | Reply
Post ID: @OP+19IeW4y1

8 replies (most recent on top)

For some reason Harsco CEO cancelled Rail Town hall meeting scheduled for April 5.
New town hall meeting for Harso Rail is scheduled for April 13.
According to Harsco website, the annual meeting of Harsco share holders is 1 week later, April 20.

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Post ID: @yymh+19IeW4y1

"Who is leaving the RLT? "
Announced last week: Bryan Brandstatter - ?Business Development?
Note: 1 person does not make a trend.

The Chief Financial Officer (CFO) of Harsco, not just Rail, is retiring sometime in April.

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Post ID: @qjsk+19IeW4y1

Who is leaving the RLT? They are very top heavy now so it is a good thing depending on who it is

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Post ID: @qzfb+19IeW4y1

I think March 31st is end of 1st quarter 2021.
Heard Harsco Rail is having a "Town Hall Meeting" on April 5.
Hope it is just award stuff like last year.

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Post ID: @pfmw+19IeW4y1

One of my friends that works at Harsco Rail said that a member of the "Rail Leadership Team", RLT, is leaving Harsco. It was not a retirement move but somebody leaving. Also remember that the CFO of Harsco is retiring in April. This could be normal corporate stuff but ...

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Post ID: @kbcw+19IeW4y1

Anyone heard thing?

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Post ID: @jryy+19IeW4y1

Sounds like next 1-3 months, depends on the new owners and stock price. It was expected to occur by now, Covid delayed things a bit.

Watch the competitors; stocks will change for no apparent reason, this is the insider trading and people who know the industry.

Harsco key customers will also be notified and confirmed they are okay with the company buying Harsco.

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Post ID: @6ibk+19IeW4y1

I agree with your predictions.
Makes a lot of sense.

I wonder when item #1 on your list will occur.

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Post ID: @qxg+19IeW4y1

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