Is This Brink’s Company’s Response To Activist Jeff Smith?

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11 Brink’s Strategy in Action  U.S. improving quality and customer satisfaction  Mexico profit initiatives on track  France delivering higher-value services  Global Markets strengthening market position and delivering efficiency gains  Exited underperforming businesses  2014 restructuring and reorganization eliminated $50 million in cost in 2015; identified additional $25 million in savings for 2016  Aligned organization to accelerate strategy  Appreciation of U.S. dollar, particularly against the Euro, Mexican Peso and Brazilian Real  U.S. turnaround taking longer than expected — Challenges onboarding significant new business acquired in late 2014 — Route logistics project delays  Weak Brazilian economy ChallengesKey Successes to Date
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