Inside SCI #3|Houston|Layoff and Acquire-YourFuneralGuy

23 Oct
Servive Corporation International has been trying to New Funeral properties in spite of layoffs.

Servive Corporation International has been trying to New Funeral properties in spite of layoffs.

The World’s Largest Funeral Corporation is trying to acquire new funeral assets. It has announced the acquisition of Keystone the 5th largest funeral provider in North America. At the same time the company has been cutting expenses on a large scale.

One and One does not add up to three. evidence of the lay off can be found here;

“Yvette from big death sent me an email the other day saying, “They fired me today.” I was shocked. Big Death accused her of falsifying her hours on her time card, because she worked through too many lunches without prior authorization. With the downsizing last spring, everyone’s work load was more than anyone could do in 40 hours a week. I sat around the corner from Yvette and from what I can recall, she rarely left for lunch. Never mind that a manager signed off on the hours, instead of telling her to resubmit her time because she was not authorized to work the overtime. They are looking for reasons to fire people so they don’t have to pay for our unemployment claims.’

via neanahe.livejournal.com

There has also been extensive losses. Houston SCI has reported  Last quarter Net Income was down 26%.

Service Corporation International, NYSE:SCI, has a long history of solving there financial problems by acquiring new properties. unreported layoffs are consistent with the latest SCI policy of creating  cash flow by lowering expenses.

Service Corporation International, SCI, has also had a string of scandals in 2009.

Funeral Industry| Funeral Blog by Your Funeral Guy.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: