EP Group tear up Dave Ward's groundbreaking agreement

[TheTrolleyMan]

WARD / Walsh do the right thing. RESIGN

[postslippete]

The debt will need to be serviced and where do you think the money is going to come from to do that?

Can't really make it any plainer. Kretinsky is using debt to buy the company but IDS's own books still show billions in assets, retained earnings and available liquidity. That means that RM isn't broke, it is being leveraged and the danger is that the workforce ends up footing the bill for that debt, not because the business can't afford to pay staff fairly but because the new owner wants to extract value quicker.

That is how private equity works. You cut costs, boost the margins and then squeeze or even flip the assets. If we don't challenge this, we are all in trouble!

Anyway, I'm done posting for now. I will wait to see what Ward and Walsh say - hopefully soon.

[Hyrrokkin]

The debt will need to be serviced and where do you think the money is going to come from to do that?

Can't really make it any plainer. Kretinsky is using debt to buy the company but IDS's own books still show billions in assets, retained earnings and available liquidity. That means that RM isn't broke, it is being leveraged and the danger is that the workforce ends up footing the bill for that debt, not because the business can't afford to pay staff fairly but because the new owner wants to extract value quicker.

That is how private equity works. You cut costs, boost the margins and then squeeze or even flip the assets. If we don't challenge this, we are all in trouble!

You can 100% guarantee that the workforce will pay the bill
Standard tactic from these thieving spivs

[qwerty2]

WARD / Walsh do the right thing. RESIGN

OUT OUT.

[worktotime]

we all knew what was going to happen apart from ward , walsh etc , same s**t different board and owner , i hope they have sent them a strongly worded letter that should do it .

[miles_peters]

WARD / Walsh do the right thing. RESIGN

OUT OUT.

GO GO

[Valentina@1]

we all knew what was going to happen apart from ward , walsh etc , same s**t different board and owner , i hope they have sent them a strongly worded letter that should do it .

Oh yeah,forgot about the “strongly worded” letter

[TheTrolleyMan]

Come on Mr Walsh take a brave pill and tell us we’re all wrong

[worktotime]

Come on Mr Walsh take a brave pill and tell us we’re all wrong

no chance of that .

[Valentina@1]

Come on Walsh “where are you”….lets be having you”

[qwerty2]

Come on Walsh “where are you”….lets be having you”

He’s hiding in the bunker with Ward and Webb they know they’re finished

[BenacreNick]

That's Delia Smith, she lives in Letsby Avenue

[TheTrolleyMan]

Come on Walsh “where are you”….lets be having you”

He’s hiding in the bunker with Ward and Webb they know they’re finished

And that’s why they need to do the right thing and resign and hand back the wages they ve been stealing

[oypostie]

We’ve already had that uso meeting at my office, duty patterns are on the board for selection and we have already been given our start date . and we are not a pilot office.
Top

yep, same here and they don't seem to care whether the pilots succeed or fail. The attitude is basically this is how it's going to be. Car crash coming up

[tramssirhc]

https://www.wsws.org/en/articles/2025/0 ... n-j18.html