Elders has announced it will cut 75 staff from its Adelaide headquarters by the end of September as part of a major restructure centred on improving sales and efficiency across its network.
“Elders is now a much simpler and focused organisation and our corporate structures must be geared to that if we are to perform best for our clients and shareholders,” said Elders CEO, Malcolm Jackman,last week.
“David Goodfellow, group general manager, Australian network and his leadership team are very focused on driving sales and efficiency across all our branches, as well as improving the customer experience,” he said.
The staff reduction wouldn't directly impact the group's real estate division, according to Elders' national real estate manager, Brendan Whipps.
“There has been no direct impact on real estate staff and it is business as usual for Elders’ Real Estate network,” he said.
According to a report in The Land, the company’s head office will have 225 staff after the cuts.
The company said the restructure wouldn’t have a direct impact on Elders’ branch network or customer-facing roles. “Clients will not notice any difference,” the company said.
In what Mr Jackman said was a “tough day for Elders in Adelaide”, the move was designed to “reset core back office capability and capacity to that appropriate for the business in current and anticipated market conditions.”
Elders also announced a reduction in the size of the Board, with directors Ray Grigg and Anna Buduls volunteering to resign from the Board.