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Summary Of Dick Smith's Cessation

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Summary Of Dick Smith's Cessation
This article dictates Dick Smith’s cessation. Dick Smith accused the Private Equity group Anchorage Capital of ‘destroying’ the business. They bought it off of Woolworths in 2012. Dick Smith is in deep dept with the banks and has claimed all limited creditors. Dick Smith’s slippery slope lead to cessation, induced by Ferrier Hodgson. Dick Smith has had to let off 3000 members of staff. The issue with Dick Smith is that they have officially shut down and put the entirety of their staff in unemployment. Ferrier Hodgson has listed the company on public float and has liquified.

The article highlights the changes in Mc Donald's kitchens. After the change in menu to include an all day Breakfast option, employees felt overwhelmed by the amount of mess in the kitchen and the equipment to make both lunch and breakfast meals took up too much room. A common issue in corporations of a size such as Mc Donald’s is managing their employees wants and needs, while still delivering quietly products to their customers. An employee describes it as "a chaotic mess during change over” and suggests not to buy meals for the breakfast menu later is the day as “later it gets the less likely the breakfast food will be fresh”.
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Earlier in the month Telstra faced the same issue, 500,000 pre-paid customers faced network issues. This is the second time this issue has come about. Consequently customers may now question the reliability of Telstra as this has happened twice in the same month. Telstra provides higher prices than it’s competitors in return for reliable and service in widespread areas. This recurring issue has damaged Telstra’s reputation in terms of reliability and has helped it competitors Optus and Vodafone to surpass them at the moment in terms of

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