Iceland has made a remarkable turnaround in recent years, going from being on the brink of collapse to becoming one of the top companies to work for in the UK. In 2009, the Sunday Times ranked Iceland 14th out of the best big companies to work for, with 73% of staff expressing confidence in the leadership of the senior management team.<\/p>\n\n\n\n
Just four years prior to this achievement, Iceland was struggling as part of the Big Food Group. Costs were high, sales were down, profits were non-existent, and employee morale was at an all-time low. The company’s reputation was severely damaged and there were doubts about its ability to recover.<\/p>\n\n\n\n
Nexus Iceland\u00a0<\/a>is an employee portal that is designed for employees to access the employment information like <\/strong><\/em><\/p>\n\n\n\n However, under the leadership of Chief Executive Malcolm Walker, Iceland underwent a remarkable recovery and restructure. The business experienced double-digit year on year sales growth and saw a 20% increase in sales<\/a><\/strong> within the first year of Walker’s return in 2005. By the end of 2006, investors had been repaid, and last year the company made a record operating profit of \u00a3136 million. Employee turnover has also been significantly reduced as staff engagement and morale have greatly improved.<\/p>\n