20% of revenue remaining = $60m
30% GP% = $18m gross profit
To break even they therefore need an $18m cost base vs ~$57m currently (maybe $32m employee).
This would require ~200 redundancies of the ~300 employees to leave an employee cost base of $10m, still might be too high.
termination payments could be as high as $10m if 50% of average salary is paid.
Then where can they grow/play?
Just seems like such a waste for what, a few million dollars savings for NBN?
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