Archived posting to the Leica Users Group, 2004/09/06
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]You wrote in part: Ilford isn't in the same situation exactly, but being a large company having to contract capacity is never easy and can be fatal, especially if the company has been sold and the new owners have debt to pay off. In that situation, the market for the product almost becomes irrelevant because even if they are meeting their ongoing costs -- making more than they spend to produce the product -- the debt soaks up all the excess and then some, and it becomes a losing proposition. Ilford?s financial situation is analogous with Air Canada?s. Air Canada attempted to monopolize the airline business in Canada, incurring massive unmanageable levels of debt in the process. The events of September 2001 caused a sudden drop in air travel and Air Canada could no longer service that debt. Bad management didn?t help! See: http://www.cbc.ca/stories/2003/04/01/aircan030401 Air Canada since then found a German Bank to back them with an infusion of cash, cut staff, salaries, etc. and are now back in the game providing Canadians with lousy service. Regards, Greg