Although a good article the title is a bit misleading. Yes spending cuts are a part but let’s be honest here. We have been following this story quite a bit and we previously questioned the role of private equity firms in this debacle.
Our point stays the same. A combination of loading up debts and rising rents are the prime reasons we see for Southern Cross demise and we would not be surprised that others suffer the exact same problem.
Career Coaching @ careerjourney.co.uk