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Old 25th May 2020, 05:32
  #1259 (permalink)  
timbo1
 
Join Date: Jan 2008
Location: Australia
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Hey Jethro, if it only were so,
The 75 million in savings required, was a spreadsheet exercise, aimed at drawing favor from the financial markets immediately prior to the bonds issue, that funded the Velocity buyback. When announced there were zero plans in place as to how to achieve it, and remarkably the contractors and consultants were the first group exempted, and then there was the call centre, and then anyone who was on an EBA, and then anyone on the front line, all exempted. Easy to see how buy into the program was so low.

It was a shame, I had thought the new boss, was evidence of the grown ups being in charge, but this an now the Delusion just go to show you, that the circus just goes on.
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