A&B expects flat quarter - Business

Alexander & Baldwin Inc., the Honolulu-based parent of Matson Navigation Co., said yesterday that weakness in its transportation sector and work-force restructuring costs will negatively impact its first-quarter earnings. Full Story

“Too small to notice”

Since: Jun 08

Kahuku , Ka'U

#1 Mar 21, 2009
I wonder if the same people that took down the SuperFerry are sharpening their knives to go after companies like A&B that have been around a long time and have a long history of extracting favors from state politicians? Campbell Estate, MaGoon Estate. Shucks , why not snoop into whatever back alley skulldugery Bishop Estate is conducting lately. All these old time Families take a big chunk of the money in Hawaii , and they take it right off the top .
Lani

United States

#2 Mar 21, 2009
I thought the headline "A&B expects flat quarter," ment they were expecting to get 25 cents.
Robert

Honolulu, HI

#3 Mar 21, 2009
"A&B's net income is expected to include two commercial property sales, which are currently in escrow, as well as a work-force restructuring charge of $5 million to $6 million related to a 10 percent nonunion work-force reduction announced in January."

Why is it only "nonunion work-force"? It's the union work-force that costs more. Great benefits and guaranteed raises...regardless if their work performance.

On a separate note, how's about the stevedores reducing their pay, so everyone in Hawaii can benefit by paying a little less at the store?

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