This is a very small portion of our services business. |
We are confident we will be able to meet the conditions by Sep. 30. Hopefully we will get this all done before then. We have plenty on our plate. |
We are informing employees today that we are giving our U.S. management who are pension-eligible, or close to it, an opportunity to leave the company voluntarily with enhanced benefits. Eligible employees will receive an official offer on June 11 and acceptances must be made by July 10. |
We are still on track with the previous announced restructuring and the voluntary offers close today. Once that is done we see where we are and make decisions. |
We have ample liquidity to finance the turnaround. We have sequential growth last quarter and have strong results from service providers. |
We have received bids for both of these operations. We expect to make our selection early this summer and have the transactions completed no later than the fiscal year (which is September 30). |
We need to expand. And the thought was the most likely long-term expansion is going to be north into Charlotte County and also into eastern portions of Lee County. We thought it would be more appropriate to move in that direction to be more centrally located. |
We were hoping that we could do it here because it would have provided a lot of good jobs. It's too bad and it's sad because we're trying to do something good for the county. Now we'll put in somewhere where somebody wants it. |
We will get at them promptly and we expect to be accountable for responding to those recommendations. |