Griffiths said the restructuring undertaken following his appointment earlier this year (PrintWeek, 12 February) would remove 4m-5m from the companys cost base next year.
He is mid-way through the turnaround strategy to get Premier back onto a sound financial footing.
The strategy includes a four-point plan to improve gross margins through cultural change, which would involve reducing Premiers cost base, continuing to develop indent sales, reducing working capital and improving transactional gross margins.
The company has cut around 20% of its workforce, leaving 400 staff, and has reduced its properties to four main sites to cover the North, Midlands, Scotland and the South East. It has also taken out 1,600 tonnes of obsolete stock.
