THE DISTILLERY: CSR squander

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.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles