Ross: management will not "cut its way to fixing the business"
But CEO admits there will “headcount changes” to create efficiency and “build an amazing business”.
Towergate CEO David Ross has admitted there will be headcount changes at the broker as it seeks to build a more efficient business.
His views came as the consolidator revealed a decline in income to £87m for the third quarter of 2015 (Q3 2014: £97m) and an ebidta loss of £5.5m as opposed to a profit of £16.2m in the same period last year.
Ross, who has been in the role three weeks, told Insurance Age: "We can guarantee there will be headcount changes, we have 4,500 staff but we will not cut our
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