BUILDING products maker Boral will shed 700 jobs as part of a major restructure aimed at helping it weather the effects of Australia’s gloomy housing market.
The cuts are the result of a 100-day review by new chief executive Michael Kane, who said most of the job losses would be among management ranks and back office staff.
“The review is purposely not focused on sales functions or operational roles and therefore will have no impact on the level or type of services provided to customers,” he told reporters on Wednesday.
“The review has identified managerial and functional support areas where inefficiencies and duplication have crept in over time.”
Several senior executives – cement business boss Mike Beardsell and building products managing director Bryan Tisher – are to lose their jobs as part of the restructure.
Of the 700 redundancies, 200 have already occurred and the rest would be completed by March.
The latest cuts take the total number of job losses at Boral to 1000 for the 2012/13 financial year.
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via Boral cuts 700 jobs amid housing gloom | The Australian.
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