Job cuts, page-3

they axed 10% of their staff. AFR quotes KB all in costs for Sept Qtr down and from the look of these measures they will b down again in December Qtr

"“It’s imperative Atlas maintains a competitive cost base in light of market conditions,” Mr Brinsden said. “We regret to see many good people leave our business. However these changes are necessary and will ensure our longer term sustainability.” Atlas moved quickly to cut costs, shaving 8 per cent off its all-in costs in the September quarter, to $68.90."