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No, if true it was a business decision to underspend on maintenance over the long term to boost profits and then when the plant an equipment gets to the point where the maintenance simply has to be done, shut it down instead having already booked enlarged profits over a period of years by "Deferring" the maintenance.
I.E. the PM accused them of not doing what would have been planned maintenance in order to make bigger profits, then shutting it down when the crunch came maintenance wise.
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