Any ‘cost cutting measures’ will be to achieve targets set from people much higher up the tree than Mr Jarvis. I’m not sure what work you did under him at SES, but certainly most of the middle/senior managers I know that have worked for him, have largely found him to be one of the better MDs around.
I think it'll have been shareholder pressure more than anything because there's cuts in every operation more than normal ever since the intention to sell has been announced. Feels like we are going to get cuts every other month