The inner workings of a $100 million a year cost-cutting plan provide a timely case study of the enormous pressures on Australia’s $50 billion education export industry.
In 40 years of finance journalism I have never come across a corporate restructuring project as ambitious, as complex and as fraught with risks as the one being undertaken by University of Technology Sydney.
I don’t believe any publicly listed company with revenues of more than $1 billion has attempted to simultaneously change its product offering, slash its frontline staff, introduce a new operating model and roll out a new enterprise resource planning software system.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
