makes u wonder what these head office staff were actually doing most of the time, reads like some government dept. well done mr potts and keep looking for more cuts.
See that blackrock have again reduced below the 5%, they are covering their sorts in my opinion and can expect to see a few more above and below the 5% of them. HJHJ, thank you for your kind words, I have no qualifications or nvqs in any form, however for the first 20 years of my working life I had been involved in sales and the latter 10 years in purchasing, it amazes me that over the last 20 years we have acquired a culture of giving people titles based on the assumption that if they have a degree in purchasing or business management that they are able to fulfil their roles. The fact that Potts started from the bottom gives me faith in MRW future, dont get me wrong once the sp reaches a figure that I am happy with then I shall be out, my long term objectives are to invest the profits in companies that I believe are leaders in their field, Rolls Royce a number of pharmas and lo and behold BP. Have a good weekend every one and hopefully on the lead up to the results the sp will rise and catch the shorters out!
So pleased to read your post. This sort of management has been around for a good number of years. The Daily Telegraph canvassed opinion in New York many years ago regarding the US perception of British management. "Snobbish, lazy and incompetent" was the consensus. Mr Potts and Mr Higginson appear to be putting right the failures of Morrisons recent past.
David Potts heads Morrisons revamp that cuts 700 jobs at HQ: Morrisons is to recruit 5,000 new workers for its stores while slashing head office staff by nearly a third as new Boss David Potts steps up efforts to revitalise the U.K.’s fourth biggest supermarket chain
I work for royal mail and that sounds about right!
Simply covering their shorts, buying on the lows and selling on the gains yesterday, would not be surprised to see another RNS from them in the next day or two and a few more over the next week or two. HJHJ, fully agree, empire building in their head office a sign of todays management culture, seen it so many times in companies where they surround themselves with lack-luster performers who blame the woes of the company on the workers. Dealing with a business at the moment who have a managing director who is incapable of his role, but as surrounded himself with yes men, the result being they are reducing the work force by half , British management should work as hard and even harder to ensure that the normal man on the workfloor feels that when things go wrong then the man at the top falls on his sword rather then the producer of their wealth. For the last few years I have dealt with so many companies who's management are lazy and out of their depth and the results have always been to reduce shop floor staff first.
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