Genesis Energy reviews retail model, jobs at risk

Fri, 20 Oct 2023

Genesis Energy has announced that it is conducting a review of its retail operating model.

This review may lead to a reduction of approximately 200 roles in the fiscal years 2024 and 2025.

The company aims to simplify its retail business and allocate resources more effectively to support customers.

The review process will be confidential to employees until the new operating model is confirmed.

More information on the company's future strategy, operating expenditure, and performance will be provided at the Genesis Investor Day in November.

Markets

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024

Markets

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024

Markets Market close

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024