Agh, the cavalry is back.Take up left-flank...

Agh, the cavalry is back.
Take up left-flank position!
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Jobs, programs go as ASIC looks to cut costs
Date March 20, 2014 Noel Towell

Reporter for The Canberra Times

Australia's corporate watchdog says cuts to its staff
and programs are being forced by a government-imposed spending squeeze and a ''permanent reduction in funding''.

The Australian Securities and Investment Commission told its 2000 public servants on Wednesday that voluntary redundancies were being sought and that ''difficult decisions'' were being made about how much of the commission's work could continue.

ASIC slumped to a $44 million loss in the 2012-13 financial year and, in a message sent to workers on Wednesday, management indicated that a tough budget was expected in May.

Read more: http://www.smh.com.au/national/public-service/jobs-programs-go-as-asic-looks-to-cut-costs-20140319-3531d.html#ixzz2xx9uWnZh
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Reagards,