PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
s1zwe
 
Comments: 13
Article views: 998
 
 
Latest Badges:



 
View all s1zwe's badges.
 

Pick n Pay has some nerve!

09 August 2013, 12:02

Pardon my ignorance if this is what this rant will eventually be called but I have a serious problem with Pick n Pay and the actions it is currently undertaking. Call me what you will but my basic understanding of how business works is this. People are in business to make a profit, as long as you are profitable your business is in the right kind of shape. You have a breakeven point where you are able to meet all of your obligations and being in business only to break even means that your business is in survival mode. Finally you have loss, this is when it’s costing you more money to be in business than it’s worth and as such it means that and your business is dying. That means that the loss position is unsustainable.

The Fin24 article about Pick n Pay’s retrenchment drive because their profits are 30% down got me thinking. How do we get to a point where we can justify retrenching people when a company has made profit? I am sorry that shareholders got R70 000 instead of R100 000 as dividends this year for example but does this make retrenchment the only option? Is this even justifiable? Who is that greedy that we can suspend someone’s livelihood because their profit was a little lower this year?

I am sorry to say this but that is just a rotten attitude to have, I am frankly disgusted by Pick n Pay and if I can help it will never shop at their stores again. In these economic times when jobs are so hard to come by and everyone is struggling can let people go because we did not make enough of a profit? Yes we can but should we? I would have liked to think that retrenchment was a last option and would only be done when one needs to save their company from going under but nooooo! Are shareholders or investors really that messed up that even when their investment is safe (Pick n Pay looks like a safe company to invest in) that they could be so upset at making a little less profit this year that they can agree to retrench people?

That stinks, and I hope if you are reading this you feel as disgusted by these actions as I do. Profit = Positive, Breakeven = Bad and Loss = Mortal Danger. This company is PROFITABLE and they can discard people like that? I would like to thank Pick n Pay for showing us their true colours and let anyone who matters from P n P who is reading this know that: You are horrible human beings! As long as I live I hope to never see a cent of my money go into any of your tills.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
13 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Christelle Delport
Transcendence

I recently watched the movie, Transcendence, and I once again realized how far people will go to deny or destroy that what they don’t understand. Read more...

13 comments 793 views
Submitted by
Nunu
Ban Hunting Now!

This is far too emotional an issue, it should be dealt with realistically. There are risks to conservation if hunting is banned ... like it or not. Read more...

18 comments 1252 views
Submitted by
Brian Faul
The reality of a failed state

Hook line and sinker. That about sums it up for South Africa. We have been caught by the oldest trick in the book.  Read more...

6 comments 353 views
Submitted by
Andre Joubert
The Groenewald family I know

 Read more...

4 comments 72 views
Submitted by
Marianne DP
Privilege is an Illusion

 Read more...

0 comments 27 views
Submitted by
Alistair Haddow

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.