M2 sheds about 100 staff

M2 sheds about 100 staff

Following an extensive review period, M2 identified a number of redundant roles in the merged business

ASX-listed M2 Group (ASX:MTU) will be making about 100 staff redundant after partially restructuring its business.

The restructure comes on the back of the Dodo and Eftel acquisitions completed in May.

After an extensive review period, M2’s integration program identified a number of roles across administration, customer service and sales, which are redundant in the merged business. M2 currently has about 3000 staff across Australia, New Zealand and Philippines.

“We take this decision and the impact on our team very seriously,” M2 CEO, Geoff Horth, said. “This was a carefully considered and difficult decision.

“We place a high value on our team so we are committed to spending time with affected team members and we will be working over the course of this week to explore all possible avenues for redeployment.”

The company stated the changes impacted approximately 100 team members, each of whom have been or will be consulted with over the coming days to explore opportunities for redeployment within the company.

“Where redeployment is not possible or not of interest to a team member, redundancies may occur,” M2 stated. “In addition to receiving their full entitlements, those team members will be offered access to support services.”

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Tags redundanciesM2 Telecommunications GroupGeoff Horth


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