Commentators question the events leading up to CSR's layoffs, with one noting millions were wasted on poor asset purchases.

One hundred and fifty jobs were cut from CSR’s Viridian glass business yesterday as Chinese competitors and the expensive Australian dollar continued to bite. While the story is somewhat familiar to the broader manufacturing sector, two columnist this morning are asking whether these jobs should ever have been CSR’s to cut. Or to put it another way, what the hell were they thinking when the bought the business?

Fairfax’s Elizabeth Knight has the best handle on CSR’s history, so we’ll start with how a proud company managed to get into this mess.


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