Tuesday, July 10, 2012

For sale, RIM`s corporate jet

Times are tough for RIM,Looks like they`re trying to sell one of thier two corporate jets for around $6 million.
The jet sale is part of a plan RIM wants to implement that should save the company around $1 billion in annual operating expenses. They also plan on slashing 5,000 jobs, and are going to be asking some RIM employees to work six days a week and dump their vacation time. It is estimated that the jet sale will save the company only around $2.1 million in operating costs a year, but these kind of moves are necessary to keep employee morale high in the midst of job cuts. “With corporate aviation, the symbolism far outweighs the dollars,”

more here

No comments:

Post a Comment