Plexure slashes 55 jobs to save $8m a year

Plexure slashes 55 jobs to save $8m a year
Plexure Group chief executive, Dan Houden said the consultation process was essential to make the business stronger. (Photo: supplied)
Dan Brunskill
Payment and marketing firm Plexure has announced it will make 55 staff redundant to save $8 million from its wage bill each year.The company announced in November it was looking to restructure the business after it reported climbing losses and admitted its strategy had failed.Shares in the company have fallen more than 60% this year and traded as low as 38 cents each, due to the abrupt departure of two executives and weak earnings.Plexure reported a net loss of $8.5 million for the six months ended September, widening from $4.4m in the same per...

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