A company I once worked with were given £3m by the parent company to 'sort out their production'. They spent £1m on new machinery but didn't measure it first and they found only half of the said machinery would fit in the space allocated. So they left the other half still in its crates. Six months later they closed down the department. They have been offered £1500 scrap for the metal. The result of this £3m spend was pay cuts, closures and redundancies. The company closes down at the end of this month. The staff will shortly be unemployed and with limited skills, not much to look forward too. The management are all moving on to other companies - as directors.