My guess is that there won't be another 100 people to sack. Not quite that many anyway. This article stated that there were 350 staff in total. David said:
"The number in Australia is 285, which is not too far away from where we need it to be. New Zealand is not really where we want it to be."
My figuring was that this could mean a max of 35 more redundancies for Aust and of the 65 employees in NZ I don't think he'd get rid of more than 1/2, but even if he got rid of 2/3 that is 44. So personally I think we're looking at an absolute max of 60 more redundancies, but even on the high side you could possibly look at a top estimate of 80.
DDR Price at posting:
$1.58 Sentiment: Buy Disclosure: Held
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