Co-op crisis about governance as much as strategy or execution

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Hopes the situation would calm down, as issues with the plan were ironed out, do not seem to have materialised

Restructures can often be painful. However, the Co-op restructure has developed into a full-blown crisis. In October, as we reported, early implementation was “chaotic”, as new contracts underwent multiple alterations, senior leaders responsible for executing the plans exited suddenly, and questions from colleagues and suppliers over the restructure went unanswered.

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