Insolvency as contingency…. I really hope the workforce is looked after and things get back on track.
Moist-Army1707 on
It’s pretty much impossible to see how whyalla can be sustainably profitable. Green steel premiums are a pipe dream. I feel bad for the employees, but at some point the government must stop throwing good money after bad. I wonder what the cost per employee of government support to date has been? Give them tax breaks by all means, but don’t contribute to the capital cost of new equipment – this just seems daft.
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Insolvency as contingency…. I really hope the workforce is looked after and things get back on track.
It’s pretty much impossible to see how whyalla can be sustainably profitable. Green steel premiums are a pipe dream. I feel bad for the employees, but at some point the government must stop throwing good money after bad. I wonder what the cost per employee of government support to date has been? Give them tax breaks by all means, but don’t contribute to the capital cost of new equipment – this just seems daft.