Login
ISCOVER
Listed broking group Mortgage Choice has announced a number of redundancies which it claims will reposition itself for robust growth and make significant cost savings.
The 7 per cent reduction to the Mortgage Choice workforce – including the retrenchment of five staff and a decision that one vacant role would not be replaced – is the result of a reassessment of staffing by new CEO Michael Russell.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
“After much deliberation and careful consideration, the executive team and I agreed that this restructure was the responsible move to make for the company. It is one that re-aligns and refocuses our resources for robust growth,” Mr Russell said.
The estimated full year impact of the changes in 2009/10 would be a cost saving of approximately $997,000, the group said.
