oOh!media cuts 22 staff in response to COVID-19 economic conditions
• The redundancies are part of a wider organisational restructure
In response to challenging economic conditions created by COVID-19, oOh!media has revealed 22 redundancies across the business.
“Since March we have taken measures to preserve as many jobs as possible, but the ongoing nature of the pandemic and the uncertain timeframes around any widespread and sustained economic recovery meant we had to make this difficult decision,” said oOh!media CEO Brendon Cook.
“Our thoughts go to those who will lose their jobs, and we thank them for their service to the company over the years. This outcome does not reflect on their performance as individuals, which has made this even more difficult.
“We are exploring any possibilities for redeployment, and will be encouraging the employees to use our Employee Assistance Program and the outplacement support on offer.”
The redundancies are part of a wider organisational restructure across the full business, which still employs more than 800 people across Australia and New Zealand.
Other measures taken include reducing costs across the business, significantly reducing capex spending, and not backfilling vacancies for non-critical roles since March.
