Jobs under threat at RM Education (From thisisoxfordshire)
Can't imagine it's going to be a long term problem for them but it does show , as expected, the BSF bubble went pop in a big way.
The headline is a little misleading?
The company has said it can't guarantee jobs over the next 12 months, but in this climate not many companies can.
How is the headline misleading - there appears to be trouble at rm, at least for those employed by the company?
Ah well guess we are reading it differently.
Perhaps wait until after this period to see if they are in 'trouble'. Also:Quote:
Due to the seasonality of many of the group’s businesses, it is difficult to predict accurately the outcome for the current period until after the summer.
following the trading statement, there was no warning to Milton Park staff of redundancies or job losses.
Not guaranteeing jobs isn't a major suprise, RM had a big clear out the same week BSF was chopped. So any further bad news and they will almost definately adjust the workforce. What is a bigger problem is the 20% share price drop, It seems disproportionate to the results.
I could say the same for capita, but I see why they charge academies full price to re-buy the lock in fee.
An update on this thread:
Not sure if RM is in trouble? Well, their share price has tumbled over 60% and it's selling off its stake in Lego Education and Dacta Toys Lego buys out partner in schools unit - Business News - Business - The Independent
Also looking to sell off AMI (Sub who supply cashless catering / e-reg / printing integration etc)
300 people recently made redundant too.
The more people talk about how they're "in trouble" the more likely it is that they'll get into trouble.
Shareholders jump ship because of the rumours, which makes the rumours true.