Oh, that's all right then, it's nothing serious, only insolvency. They'll soon overcome that little setback and be back to business as usual.
How serious do commercial f*ck-ups have to be before a company actually shuts its doors for good. This kind of revolving door bankruptcy where your sins are left behind and you come out with a clean slate seems to be more a management technique for overcoming previous bad decisions or an opportunity to make awkward adjustments without taking the blame. "Sorry you're all being made redundant, it's nothing to do with me, the bank forced it on me as a condition of the restructuring". "You can of course apply for the many exciting retail positions we'll have available shortly. Send in your CVs and we'll have a look".
Makes me wonder whether TT UK might have to be sending their corporate CV over to Germany when the Phoenix rises.
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