this post was submitted on 08 Sep 2023
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[–] Xusies 57 points 1 year ago* (last edited 1 year ago) (1 children)

The difference is the $500m loss will continue to accrue and continue into 2024 so long as the strikes continue, while that $47m will stay relatively constant. And that $47m may be yearly, but that’s $47m out of their $500m+ earnings, per year.

[–] [email protected] 23 points 1 year ago (2 children)

I think they are estimating profit of 10-13 billion this year unless that figure was revenue. 500 and 47 million aren't even that relevant

[–] [email protected] 8 points 1 year ago* (last edited 1 year ago)

That's still like a 5% hit in just a few months. That's going to increase the longer this goes on, and its going to accelerate as they start to run out of projects at the end of the pipelines.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

$500m out of a $10b profit is 5% loss. It it gets up to $1b out of $10b, then that's a 10% loss. I'm not sure you can say that's not irrelevant. These businesses are losing tons of money.

[–] [email protected] 1 points 1 year ago

It's more of a comment on the production companies saying they came afford to meet strikers' demands yet can report numbers like that to their shareholders.