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Pride Group - TPine
- Thread starter SCAM CHASER
- Start date
Yes…..it’s really tough right now.
Hopefully they will be laid off so they can collect EI.
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how many were actual employees and how many were incorporated personal services business operators that were treated as employees but paid as contractors? Honest question - I find it hard to imagine that employment law was followed given the other shortcuts taken, but I could be wrong. Leasing the truck from Tpine and working as an owner operator (for PGL Logistics) doesn't meet the CRA requirement of financial independence given the actual corporate structure published, but I'm willing to speculate that logic was used many time to present as legitimate owner operator contracts.
I read over the monitors doc posted and it does state that PGL is excluded from this Sept 24th hearing and the wind-down procedure as the finalization of the sale is on going.
This is why I’m saying, so t count them out yet. There’s more to what’s happening here, even if other divisions are said to be closed down.
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so the question I have is:
1. Was PGL able to function at low rates because they also had the web of assests/leases and O/O who couldn't leave
2. How do they regian customer confidence? or the lower you go the better the customer likes it
Lesson learned - honesty costs you these days ....
The customers they have are high volume low rate, I would guess that as long as Pride can maintain the lowest rate they will receive the business.
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My belief is that they grew due to their lack of pricing discipline - the lack of discipline carried over into employment processes, risk management, and business practices. Its easy to price low when you don't need to factor in actual debt servicing into your capital costs.
Don’t blame them for looking out for themselves and not waiting for the doors to close. They are not being told anything by management just what’s posted by EY. Very sad.
I wonder why the delay? You would think the everybody involved would want some resolution here
Just putting the employees through more torture so the family can try to hold onto the company. It’s all about them in the end. They refuse to believe they will loose everything in spite of what they did to cause this fiasco
I'm amazed their even in the running for this company after the possible fraud they have been alleged to be doing. Putting the fox in charge of the hen house
