Business
Vitamins giant Blackmores to cut jobs as profit slides – Sydney Morning Herald
Blackmores has signalled plans to cut about 10 per cent of its workforce as it revealed a 66 per cent slide in its statutory net profit.
ASX-listed vitamins and health supplements company Blackmores has signalled plans to cut about 10 per cent of its workforce as it revealed its statutory net profit fell 66 per cent to $18.1 million for the 2019-20 financial year.
The cuts are part of the company’s organisational redesign as it seeks to streamline its operations, simplify its business and return to profitable growth. Blackmores said it started consultations with staff about the cuts last week.
Blackmores chief executive Alastai…
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