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Subtitles will begin at 11:30am. | 1:20:14 | 1:20:25 | |
Well, what I did as part was
reshaped the management team. We | 1:30:05 | 1:30:12 | |
stripped out two divisions, we
aligned accountability for | 1:30:12 | 1:30:19 | |
individual managers right to the
top. I was targeting a £75 million | 1:30:19 | 1:30:24 | |
cost reduction in the overhead of
the business because I believed | 1:30:24 | 1:30:28 | |
there was excessive overhead and
complexity as a result of that. It | 1:30:28 | 1:30:32 | |
was very much a message of seeking
to simplify the business, make it | 1:30:32 | 1:30:39 | |
continue to focus on infrastructure
and construction because we did see | 1:30:39 | 1:30:42 | |
some overlap and value in having
those different skill sets across | 1:30:42 | 1:30:47 | |
the group but seeking it to the more
straightforward and simple business | 1:30:47 | 1:30:52 | |
with less complexity internally
across the different divisions. And | 1:30:52 | 1:30:58 | |
how did that reassure the
government? We have to leave our | 1:30:58 | 1:31:04 | |
live coverage. You can continue
watching the session online on our | 1:31:04 | 1:31:09 | |
website parliament. | 1:31:09 | 1:31:19 |