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‘Winning Together’ Presentation today at RR. Key messages were from the Leadership were:
“The truth is RR still isn’t fit for the future”.
“We are still behind our competitors”.
“We need major transformation of our business”.
“We are going to build a better business by transforming what we do”.
Looks like things are going to be shaken up very soon….
…..and for those colleagues who moan on here saying they didn’t have a presentation, the summary was emailed out to all RR personnel. The presentation is on the main page of the RR engine room internal website.
It sounds like an industrial relations dispute is brewing between the company and workforce over the 2023 pay award. Unions potentially starting to canvass the workforce for industrial action imminently. This is going to derail Tufans plan and could significantly impact the share price if it’s not sorted quickly! May explain the recent drop in the SP?
Kept repeating himself for 90mins about profit and talked about what investors wanted. No solid information about transformation yet - his strategy review is still ongoing. Roll out of strategy / announcement to be made at the end of June, so 2 more months before he swings the axe!
I hope so, since HE sent out an email and link for ‘all employees’ to join him, as he updates us on his business review and transformation update!
Last time he sent one of these out to us all, he did his ‘burning platform’ speech.
Has anyone else noticed anything about the latest set of RR Senior appointments?
They have on average only held previous roles for circa 18months throughout their careers……. Leaving a trail of destruction for the poor person behind them!
Also have a listen to Tufan speak (in one of his presentations or videos online)…. He sort of reminds me of Gru from the Minions?
To the moon…..
Looks like the market is doubting the new CEO appointment?
I must say I was very surprised with this. I expected a pedigree CEO with a track record…. Not a Petrol forecourt manager who was passed over for promotion!
Whatever happens, I hope he’s a steady hand that doesn’t break the company with a ‘net zero’ and ‘woke’ agenda.
But what do I know!
Warren East CEO made an formal announcement to the RR workforce at the close of trading today (1605hrs), about the annual pay offer (and the current pay disagreement)…... No ITP announcement in sight!
I think the SP rose due to speculation about this announcement by Warren East being something else……. and getting over excited.
No news!