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Old 23rd May 2020, 22:33
  #1251 (permalink)  
MickG0105
 
Join Date: May 2016
Location: Sunshine Coast
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Originally Posted by didrechambers77
The cull of 750 didn't make it anywhere near it. Official oracle report was 349.
And that tells you pretty much all you need to know about the abject lack of purpose demonstrated by Scurrah and Co in getting the business's cost base under control. Virgin was losing between a half to a million dollars a day - if that doesn't galvanise a sense of urgency I don't know what does - and they couldn't manage to achieve 50 percent of their 'rightsizing' target in six months of trying.

Despite Scurrah telling Elizabeth Knight of the SMH in November last year that, 'By Christmas, most of the 750 in headcount reductions, designed to shave $75 million from Virgin's cost base, will be complete.' the FY20-H1 interim report stated that only 'approximately 140 employees had left the business before 31 December'.
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