the g spot
Adcorp’s new start (again)
We asked newly installed CEO Phil Roux, former head of Pioneer Foods, what exactly needs fixing now
The past five years have been pretty awful for staffing and training group Adcorp. Relentlessly high unemployment in SA, a bad call on a major Australian deal and persistent management turmoil have combined to knock Adcorp’s shares down 89% over the period. We asked newly installed CEO Phil Roux, former head of Pioneer Foods, what exactly needs fixing now.
PR: It’s always difficult to pronounce too early but there are some glaringly obvious things that have gone wrong. Importantly, structural changes: when [labour] legislation kicked in [it] created havoc in the industry per se and not only here...