Mass job cuts at Boral

Written By Unknown on Wednesday, 16 January 2013 | 00:31

SALLY SARA: Another turn of mass redundancies has been announced today, this time during Boral.

The building products builder says it will cut 700 jobs from a Australian operations by Mar this year. The association says 200 positions have already been done redundant.

Boral is fighting for presence in a tough industry, though some analysts contend it’s too small too late.

Finance contributor David Taylor has more.

DAVID TAYLOR: On a surface, it was a true brazen announcement. Boral pronounced it was streamlining a operations and obscure a cost bottom to a some-more tolerable level. That meant 700 redundancies within a Australian operations. Management says it will save a association $37 million this year alone.

But a proclamation came with some fume and mirrors, and that generated some difficulty as to accurately how many positions

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Source:
http://www.news.ezonearticle.com/2013/01/16/mass-job-cuts-at-boral/

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