Wednesday, June 11, 2008

The Great Escape

In an earlier post I referred to the number of Ottakar's managers who have left since Waterstone's bought the company. I estimated that between a third and a half of managers had jumped ship since the 'conversion' in July 2006. To anyone who knew Ottakar's this was a damning statistic, as the company had previously enjoyed a staff turnover that was in single figures.

It seems I was wrong.

The actual figure is around 60%, according to a recent head count by a former colleague. That works out at around 70 managers in less than two years (or is it fewer than two years?).

That's quite an achievement.


bye bye bellulah said...

November 2nd 2003?

Steerforth said...

I thought that POS was from 2004.