Speaking at the annual dinner, he warned that rationalisation would have to take place.
‘We are now in more testing times than ever before,’ he said.
‘We will have to cut our cloth accordingly.
He said that efficiency must be the key across the board, not just in the motor trade, and that cutbacks would need to be made in all areas.
If you take things from a world perspective, the banks are sending more of their work to India,’ he said, pointing out that India was training IT experts at a ratio of 25 to one compared to Europe, and China was the next developing threat.
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