Home Industry Listed Tech Dead as a Dodo – jobs to go in M2 restructure

Dead as a Dodo – jobs to go in M2 restructure

Up to 100 jobs at telco M2 are about to disappear as the company announced a ‘partial restructure’ of its business.

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.

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Graeme Philipson

Graeme Philipson is senior associate editor at iTWire and editor of sister publication CommsWire. He is also founder and Research Director of Connection Research, a market research and analysis firm specialising in the convergence of sustainable, digital and environmental technologies. He has been in the high tech industry for more than 30 years, most of that time as a market researcher, analyst and journalist. He was founding editor of MIS magazine, and is a former editor of Computerworld Australia. He was a research director for Gartner Asia Pacific and research manager for the Yankee Group Australia. He was a long time IT columnist in The Age and The Sydney Morning Herald, and is a recipient of the Kester Award for lifetime achievement in IT journalism.