Cargojet Layoffs Again

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markymarkl
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Cargojet Layoffs Again

Post by markymarkl »

Here we go again folks!!! more layoffs at CJ lets see what the third quarter results are like LOL. NOV 10
I feel really bad for these peeps every time the bosses see a downturn in freight its time to put hard working peeps on the street SHAME on you BIG A.

Stop worry about lining your pockets worry about the great folks you have working for you take care of them they have put it out there for YOU!!!!!! IMHO and that is just my opinion!!!!!!!!!!!!sad days for sure


Stay warm ex CJ folks!! and don't look back.
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jeffrey.cyr
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Re: Cargojet Layoffs Again

Post by jeffrey.cyr »

I've been laid off since July and the previous year I was laid off for seven months. Mind you I don't/didn't work at CJ.

I've wondered how others in the field have tended to interpret their lay offs.

Personally, I've been feeling like the first one out and the last one back for some reason other then seniority. It's eroded a great deal of my company loyalty. Really the only thing that has kept me around with them is the stronger then usual level of inconvenience involved in moving to where other work is.
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Canrotor
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Re: Cargojet Layoffs Again

Post by Canrotor »

19 Layoffs at Jazz heavy maintenance in London and more in Halifax as well...!
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CANROTOR
jeffrey.cyr
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Re: Cargojet Layoffs Again

Post by jeffrey.cyr »

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So much for applying at Jazz :/

Say, do they have an order that says who goes and who stays or is it just the whim of the manager?

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markymarkl
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Re: Cargojet Layoffs Again

Post by markymarkl »

Here is the real reason they got rid of people and ITS not funny at all. C&P from the horses mouth!

Cargojet Announces Third Quarter and Nine-Month Results

Mississauga, ON, November 9, 2011 - Cargojet Inc. (the "Corporation") TSX: CJT, CJT.A) announced today financial results for the third quarter and nine month period ended September 30, 2011.
For the Third Quarter Ended September 30, 2011*:

Total Revenues were $40.3 million, an increase of $1.5 million or 3.9% over the previous year
Gross Margin was $7.6 million, a decrease of $1.7 million or 18.3% over the previous year
EBITDA was $4.4 million, a decrease of $1.3 million over the previous year

For the Nine Month Period Ended September 30, 2011*:

Total Revenues were $122.6 million, an increase of $9.3 million or 8.2% over the previous year
Gross Margin was $22.8 million, a decrease of $2.2 million or 8.8% over the previous year
EBITDA was $12.0 million, a decrease of $1.2 million over the previous year

This is public information!!!!
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