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Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusinessJob Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN (19503 Views)

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Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by Aurelius1(m): 8:14pm On Feb 26, 2024
tuoyoojo:
Honestly eh!!

Make I nor lie

I am tired of hearing bad news about the economy

Ahan. Wetin sef

Is Nigeria allergic to some cheering news ni
You are not hearing any cheering news because there is none. Presently, Nigeria is going through a phase that has never been experienced in the history of the country. May God help us all.
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by FirmTR(m): 8:20pm On Feb 26, 2024
Mandate2023:
When u r not making sales and u r still increasing price that's d result
So, the producer should sell below the cost of production...
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by Mandate2023: 8:36pm On Feb 26, 2024
SouthSouth1914:
Have you heard of production costs? Reoccur-rent expenditures? Stop commenting on topics if you don’t understand simple stuffs.

How can a company sell below production costs and run at loss? Will you do it?
U r very gullible, u don't know anything aside blaming the government.........the major cause of low sales is smuggling in of fake sub standards products and inflation.....if the products is not essential dey just have to reduce the quantity of products dey produce and just find a way to stop increasing price, in production there's always production risk and sustainability, it's not everyday that u make big interest, there r times u run at lost just to stay in business.....everyday is not Christmas and dis applies to companies across d world during inflation.....it is better to reduce price and sell them out than pile them up for damage
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by orazx: 8:38pm On Feb 26, 2024
Queengee:
they should keep increasing prize na only them and family go chop their products last last. Nigeria people are already improvising.

the higher the Price
the lower the demand
And you think people won’t lose their Jobs?
Must you support what is Bad
Even Tinubu and his family knows they failed.
But you that do 250mb is here doing die hard fan
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by orazx: 8:42pm On Feb 26, 2024
Mandate2023:
U r very gullible, u don't know anything aside blaming the government.........the major cause of low sales is smuggling in of fake sub standards products and inflation.....if the products is not essential dey just have to reduce the quantity of products dey produce and just find a way to stop increasing price, in production there's always production risk and sustainability, it's not everyday that u make big interest, there r times u run at lost just to stay in business.....everyday is not Christmas and dis applies to companies across d world during inflation.....it is better to reduce price and sell them out than pile them up for damage
Bro, just shut your phone down if you don’t have anything to type.
What is Production risk?
We are telling you The country is bad and the government is not helping and you’re here talking about another thing.
Before you quote me read this
I own a Bakery and I have over 16 staffs I have been running this business since 2020.
Flour is now 64k
Sugar is 85k
I was forced to reduce my workers to 4
Fuel isn’t smiling too
Demand is going down.
Business is not on paper. Start one then you can come back here to type shit ok?
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by Udoboss(m): 9:04pm On Feb 26, 2024
Shikena:
The real issue with our system right there!
I had a meeting at Adeniyi Jones..Ikeja..

I decided to take public transport....In the bus as we were moving along Ikeja, a man said companies that are along this line have all packed away

I was like this people just exaggerate things.

But seeing it again here....it's getting me worried
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by Udoboss(m): 9:10pm On Feb 26, 2024
Mandate2023:
U r very gullible, u don't know anything aside blaming the government.........the major cause of low sales is smuggling in of fake sub standards products and inflation.....if the products is not essential dey just have to reduce the quantity of products dey produce and just find a way to stop increasing price, in production there's always production risk and sustainability, it's not everyday that u make big interest, there r times u run at lost just to stay in business.....everyday is not Christmas and dis applies to companies across d world during inflation.....it is better to reduce price and sell them out than pile them up for damage
Are you kidding me??

Reduce prices...how do you keep workers ??

Its very hard to let go of workers

What of when you produce goods that people can't do with out because people havr lost purchasing power.

Na items like bread have reduced orders people will prefer to use their little funds for very important commodities


The other day beer companies were lamenting because of losses

How do you reduce cost when your cost of production is high

You buy fuel
Your raw materials are Imported...

What do you do??
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by Mandate2023: 9:41pm On Feb 26, 2024
orazx:
Bro, just shut your phone down if you don’t have anything to type.
What is Production risk?
We are telling you The country is bad and the government is not helping and you’re here talking about another thing.
Before you quote me read this
I own a Bakery and I have over 16 staffs I have been running this business since 2020.
Flour is now 64k
Sugar is 85k
I was forced to reduce my workers to 4
Fuel isn’t smiling too
Demand is going down.
Business is not on paper. Start one then you can come back here to type shit ok?
U r a slowpoke......the price of bread has increased so what's the fuse

Just like I said u agree or not, everyday is not Christmas......u should be happy what u r producing is essential

Ire oh
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by Melagros(m): 10:25pm On Feb 26, 2024
Dogalmighty17:
Is English that hard to understand?
Yes, it's, please teach me
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by Melagros(m): 11:02pm On Feb 26, 2024
Dogalmighty17:
Is English that hard to understand?
Yes, it's, please teach me
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by SouthSouth1914:
Mandate2023:
U r very gullible, u don't know anything aside blaming the government.........the major cause of low sales is smuggling in of fake sub standards products and inflation.....if the products is not essential dey just have to reduce the quantity of products dey produce and just find a way to stop increasing price, in production there's always production risk and sustainability, it's not everyday that u make big interest, there r times u run at lost just to stay in business.....everyday is not Christmas and dis applies to companies across d world during inflation.....it is better to reduce price and sell them out than pile them up for damage
Your brain is full of relaxer! You don’t even know the basic economic principles. You are just another educated balloon with a wide mouth and a small medulla.
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by Boyjaco: 8:00am On Feb 27, 2024
EreluRoz:
I pity private workers. God knows I can never work for private, FG job is ok for me.
🤔🤔🤔🤔
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by EreluRoz: 8:03am On Feb 27, 2024
Boyjaco:
🤔🤔🤔🤔
what?
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by worksmart(m): 10:13am On Feb 27, 2024
Tinubu is bringing renewed and improved Shege pro-max, triple-action banza!!
Re: Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN by orazx: 1:53pm On Feb 27, 2024
Mandate2023:
U r a slowpoke......the price of bread has increased so what's the fuse

Just like I said u agree or not, everyday is not Christmas......u should be happy what u r producing is essential

Ire oh
I can see you lack what they call adult sense
Nothing is Essential anymore if people can't afford it.
If bread is Essential I won't tell 14 workers and Teo drivers to stay in there house.
Even sachet water companies are sending people home.
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