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ATLAS HEAVY ENGINEERING p / l

ATLAS HEAVY ENGINEERING p / l . Incorporated in 1985 In existence for 27 Years 2 Primary Sites of Manufacture. Caboolture and Narangba. During the Down Turn our Turnover dropped by 70 % in 1 month. Stayed down for the next 6 Months.

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ATLAS HEAVY ENGINEERING p / l

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  1. ATLAS HEAVY ENGINEERING p / l • Incorporated in 1985 In existence for 27 Years • 2 Primary Sites of Manufacture. Caboolture and Narangba. • During the Down Turn our Turnover dropped by 70 % in 1 month. • Stayed down for the next 6 Months. • Down Turn plan in place. ( Unprepared for Severity of Downturn. )

  2. Immediate ACTIONS TAKEN • Reduced Employee Numbers. ( 25% Reduction ) • 4 Day Week. Used Annual Leave for the 5th Day. • Cut all Overtime. • Built Stock. ( Used Existing Material ) • Reduced our Superannuation back to 9 %. • Retained Cash. • Trained Remainder of our Employees • Didn’t Get Bogged Down by Bad News. • React to Short Term, But Plan for long Term.

  3. OTHER ACTIONS TO CONSIDER • Retain Cash. • Sell off Stock. • Negotiate Longer Payment Terms with Suppliers. • Offer Discounts for early Payments. • Vary BAS / A.T.O. Payments. • Develop a Cash Flow Forecast. • Strengthen Relationships. ( Owners, Employees, Suppliers, Customers. )

  4. ACTIONS TAKEN for protect our business into the future. • Business Plan Disseminated to our whole workforce. • Development of New Markets. ( reinvent the Business ) • Increased our Superannuation. • Training / Business Involvement Plan Developed for all Employees. • R & D Department.

  5. Results of ACTIONS TAKEN for protect our business into the future. • 1 % Labour Turnover. • 2011 Turnover back to Pre Downturn Numbers. • 50% Increase in Turnover From 2011 to 2012. • Training / Business Involvement Plan implemented for all Employees. • R & D Department. ( Showing Good Results )

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