Zen, I agree with your comments about the CEO playing politics and I think that the laying off of staff strongly supports that view.
There is no way that this announcement would have such an immediate impact on staffing requirements. So I believe it was designed to send a strong message to Canberra whilst possibly being an opportune time to get rid of unwanted staff, ie underperformers.
By the way, the AGM is in Melbourne and starts at 10:30am on the 22nd.
TIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
