ApplePieOfDestiny wrote:
GazChap wrote:
Grim... wrote:
Telling companies that making a profit is "immoral" just because a large percentage of the population buy their products seems all manner of wrong to me.
I'd argue that
cutting jobs because your profits are down (yet still perfectly healthy) is immoral, though.
Bullshit. You cut jobs that are no longer required or relevant to your operation. If you don't, you find yourself with no profits, and you go bust. More people then lose their jobs.
£879m is still plenty of profit though, and a 7% decrease (which is also the first decrease in profits they've recorded, as far as I'm aware) could just be a blip, just seems a bit off to put nearly 700 people out of work, and they'll most likely be staff that are paid the lowest amounts so more than likely won't make *that* much of a difference to their bottom line.
If they'd got off their arses years ago and jumped on the "online shopping" bandwagon that ASDA and Tesco did, their profits may not have slumped.
I'm just not cut-throat enough to be a business man, I suppose