Sydney - Tuesday - September 5: (RWE Australian Business News)...

Sydney - Tuesday - September 5: (RWE Australian Business News) -
Chemeq Ltd (ASX: CMQ) is to implement a major reorganisation of its
business to match its new corporate strategy.
The reorganisation follows the announcement of the results of a
wide ranging strategic review on 5 July.
This strategic review found that Chemeq should focus on its core
competencies and seek to pursue further commercialisation of its
intellectual property and products through strategic partnerships.
Following the conclusion of that review, the Board considered
the optimal organisation size and structure to successfully pursue
Chemeq's new growth strategy. As a result, the Board has decided to
reorganise Chemeq's operations.
The reorganisation will involve a rationalisation of total
headcount by about 50 full-time staff.
Headcount reductions will be across all divisions including head
office administration, research and development, sales and marketing and
involve a streamlining of the Company's manufacturing operations at
Rockingham.
Together with the planned move of corporate headquarters from
leased premises at Bentley to the Company-owned facility at Rockingham,
the reorganisation is expected to lead to a significant reduction in the
Company's overheads and annual cost structure