Company news Pensord featured on BBC2 'Working Lunch'
Live TV for valleys printing company
Specialist magazine printer Pensord has this week been featured in the network BBC 2 Working Lunch programme which was attracted to the printer following their recent announcement of the company Stakeholder scheme.
Chief Executive Tony Jones launched the share option scheme to give staff a stake and a vested interest in the company’s future - as a reward for their loyalty and commitment, and to further sharpen the company’s focus on customer service.
Pensord’s unorthodox approach to the ownership of the company came to producers’ attention through media coverage. Today’s programme featured footage of the plant in action, with live interviews with Tony Jones, and with some of over 100 staff who have signed up to the scheme, a take-up of close to 100%.
Interviewer Rob Pittam introduced the item by saying: “Jones liked the company so much he bought it. He liked the staff so much he gave them a share in it.” He called it a “massive show of confidence in the workforce…giving them a stake in the future.
In a live interview, Jones said: “I have a huge belief in this business and the people who run it. We are all working to a common goal from which we all stand to benefit.”
In an interview with staff representatives, Mailing Line Operator Phil Stainer said: “This shows Tony’s confidence in us. He has always stressed he would give us something back. Pre-press Supervisor Chris Haines said the introduction of the scheme meant staff “are not just numbers, we really are part of the firm.”
Pensord prints 0ver 160 controlled circulation magazines for a number of leading UK publishers.