McGrathmageddon wields the axe

Thursday, 7 December 2017

Via AFR:

McGrath has retrenched 15 employees in non-sales divisions including property management and IT.

Chief executive Cameron Judson said the redundancies were in line with the recent ASX announcement indicating planned restructuring costs in non-revenue generating roles, outside the executive leadership team.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.