Blues I attended the EGM with my husband when Andrew Price was...

Blues

I attended the EGM with my husband when Andrew Price was defeated by Harry Boon and in his address to shareholders at the time called AP voiced the need for one brand as a core requirement in each market and to stop the practise of PPX staff discounitng against each other to gain a sale , but this fell on deaf ears at the then board level

Now Mr Price is on the board we are seeing the changes that were needed then , hopefully the delay to action that occured by keeping Boon and Marchant at the helm for the additional 9 odd months has not meant that the new boards time to commence the recovery is a death knell

On my calcs 190 jobs in the UK alone will see one off pain but should see annual savings of at least $12m per annum in the UK alone

I read somewhere the number of jobs cut by the end of June 2013 will be closer to 800 , so savings of upwards of $50m per annum .

I hold PPX and PXUPA