Directors of leading UK food companies are staying in their jobs for about a year as the industry shifts from long-term vision management to quick fix solutions, a report has found.
Last year a staggering 589 new directors were appointed to the UK's leading 500 companies, a record number, Plimsoll Publishing found. They said this is an "unsustainable position."
Analysts concluded that this situation is potentially putting businesses under severe financial pressure, which in turn could effect a company's competitiveness.
Around a third of businesses are already loosing money because of high management turnover.
This turnaround culture also means new directors can "easily slip away" leaving others to pick up the pieces, Plimsoll warned.
Read the full FoodProductionDaily.com story here.
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