Originally Posted by
Roberto the Brickie
I see that PGW is advertising for a Commercial Manager of their Agency Team. Is this a result of their restructure from last year that this person was a casualty, then EBITDA for that segment is Nil for the 2020 year so the PGW solution is to now re-employ that person. Does this mean the $2.5 million Corporate Restructure saving is going to disappear in the 2021 year?:confused:
Actually thinking about the $2.5 million saving, that would be say 25 people as no senior managers have left the business which seems rather strange. Previously PGW and Seeds division were both based at 57 Waterloo Road. Seeds left and have a nice new building by Lincoln University, two stories, when I drive past looks full of people. So room should be available at Waterloo Road, then Rural Rump leaves to the new palace by the airport which looks bigger than Waterloo Road and also looks very full of people. Then we have the $2.5 million savings, or 25 people. Where were all these people located at Waterloo Road? :confused:
So is the $2.5 million saving a myth, a reality, or only a one year saving that is showing to be a mistake as the departing staff would have left with some form of golden handshake.