a good thing , page-7

According to an article titled Hastie's Wild card may just do the trick, Hastie Group under Bill Wild are planning to reduce operating entities from almost 60 to fewer than 40, remove duplication and centralise much of the reporting functions, so it can cut costs by 2 to 3 per cent saving approximately $30 to $40 million.

Hastie group also plans to push into the resources and civil infrastructure arenas, where there are better chances of making a profit, particularly when there is a shortage of skilled tradesmen and Wild says hastie has that in spades.

Hastie will enter into a new alliance with ACS's Group Spanish engineering services firm Cobra.
Cobra is interested in being a player in resource development projects in Australia and Asia.
First up Hastie and Cobra are aiming at winning coal seam gas and liquefied natural gas contracts.

Shareholders can expect a solid loss for the December quarter as the strategy is implemented and can expect to see
some possible measurable signs of success by the middle of next year.

At least the new interim CEO is making some bold moves.

Good luck to holders.


Read more: http://www.smh.com.au/business/hasties-wild-card-may-just-do-the-trick-20111103-1mxv8.html#ixzz1cjrVqqxZ