Mr Cube's deficit
Page 7
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ESPITE A total income of a'4.8m in 1980 Tate and Lyle ransport made a £0.2m loss for le year.
In a report to all TLT emloyees, divisional managing irector David Davis said that ie company has no prescribed ght to the distribution work of ther parts of the Tate and Lyle roup.
It is particularly true now for oth Group and non-Group cus)mers, that the cost-consciousess will force them to consider Iternative ways of obtaining nver-cost higher-reliability serice".
A return to profitability can nly be made by reducing costs nd increasing income from cusDmers, said Mr Davis, who feels let there is no such thing as job ecurity in a loss-making cornany.
TLT blames the general recesion for reductions in both olume and prices in the translort industry. The long-term ffects of the steel strike also led D a loss of business and jobs vithin Silver Roadways, it