Well, XPO has come to the European market and bought its way in…buying Norbert, which in turn had acquired a few on its way.
So, how do they make the profit to justify the premium price paid for the acquisition?
Oh, that’s easy…cut the wages, which are an overhead (and never mind the fact that the workforce was actually an asset to the company you acquired)
Reminds me of a pub I used to go to. The barmaid, who was witty, pretty and only slightly overweight, was the main reason most people went there (part of the entertainment was watching ‘new’ blokes who didn’t know the score trying to chat her up and getting shot down).
The pub got sold, and the new owners let her go…coz she was ‘an overhead’. The regular customers just drifted away because the place wasn’t the same without her. The pub went bust within a year.