Programmed CEO Chris Sutherland will step down on September 30 after 12 years at the helm.
It is the biggest labour hire company in Australia, with a workforce of 25,000 and revenues of $2.5 billion.
Mr Sutherland says more interest rate cuts aren't likely to trigger a new wave of capital investment by Australian businesses.
The chief executive of Australia's biggest labour hire company says more interest rate cuts are unlikely to fire up a ''flat" economy because businesses grappling with automation, red tape and globalisation are uncertain about future pay-offs from capital investment.
Chris Sutherland is poised to bow out in September as the boss of Programmed, which has a workforce of 25,000 staff across many blue-collar industries such as maintenance, light industrial and manufacturing.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
