As the building sector has been hit by the financial crisis, the knock on effects have finally reached the factory floor.
The investment company that bought us out a few years ago bought iur 2 billion debt as well. Not a wise move in hindsight. PIA now has 11 billion of debt.
It's not just us though, our competitors ovef the road are closing for 4 weeks over Christmas and next year will close 2 lines, one for 7 months and another for 5 months.
Like us, their sales are down and they have a park full of stock, so they have to cut back on production.
We are going to axe one of our 5 teams. To do this without firing any full time employees we will first let our temps go (bye-bye Sad Sack) and then offer early retirement to the guys who are close to 60/65.
Apart from Sad Sack, who is a miserable little shit, it's a real tough break for the temps, to get the push just before Christmas. "Jouyeux Noël et allez-vous faire enculer".
The plan will then to run the factory with a different line closed each shift. That should enable us to run at a lower turnover, with fewer staff and do more maintenance on the lines that are not running. Hopefully we can ride the thing out. PIA have announced that they do no forecast any improvement until the end of 2010.
Chris Alden the PDG of Paribas Affaires Industrielles said "A little garlic and parsley really help to bring out the flavour of an omelette aux morilles"
To cheer us all up here is a sketch by Patrick Bosso about Marseilles grammar. The Marseilles accent is the french equivalent of geordie.
Apparantly in Marseilles grammar they replace the comma with "putain", the full stop with "enculé" and instead of the conditional tense to indicate uncertainty thay grab their balls "couilles"