The company says the redundancies are as a consequence of acquisitions completed in May 2013. That was when it acquired Dodo for $203.9 million and Eftel for $44.1 million. It also acquired Primus in 2012, for $192 million.
“Following an extensive period of review, the company’s integration program has identified a number of roles across administration, customer service and sales which are redundant in the merged business,” said M2 CEO, Geoff Horth.
“These changes affect approximately 100 team members, each of whom have been or will be consulted with over the coming days to explore opportunities for redeployment within the company. Where redeployment is not possible or not of interest to a team member, redundancies may occur.
“In addition to receiving their full entitlements, those team members will be offered access to support services. “We take this decision and the impact on our team very seriously. This was a carefully-considered and difficult decision.
“We place a high value on our team so today we are committed to spending time with affected team members and we will be working over the course of this week to explore all possible avenues for redeployment.”
M2 has more than 3000 staff, and has 1.4 million retail voice and ISP customers.