Oc has issued a profit warning and announced a restructuring that will see it withdraw from underperforming markets and lay off 4.5% of its workforce.
It aims to focus more on digital products and services. Net profit before exceptional items will fall 30% on flat sales.
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"Wow, amazing achievement, congratulations Lance, you are without doubt the most awarded person in the industry. Fair play. That trophy cabinet must be busting at the seams ;)
Congratulations again."
"No Mr Bond, I expect you to di-rect mail"
"I'm sure this will go down well with print supply chain vendors. What terms is it that ADM are after - 180 days is it?"
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