Withers posts 64 per cent profit rise on back of static turnover

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  • "We’ve done the same amount of work with fewer people"
    Says it all really.

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  • More honest than most firms though.

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  • So costs fell from £80m to £65m - i.e. by about 20%. The main element of cost is salaries ... enough said really.
    The 2008 cost figure will include the one-off redundancy costs and the 2009 figure will see the benefit of reduced levels of staff.
    As all firms have done the motto has been - why waste a good recession to exit a number of under-performers as its easier to do it by way of redundancy than performance management.

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  • Withers has reported a 64 per cent rise in profitability for the 2009-10 financial year while turnover slid slightly to £92.7m
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    Truly despicable and utterly without humanity or care for staff. I would really like to know why this type of behaviour is not both illegal and completely socially unacceptable, as it is in Germany.

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