Subscribe to CIO Magazine »

Boral cuts jobs, outsources IT

A total of 700 jobs will be cut from the company’s Australian division, with 200 redundancies that have already taken place last year.

Boral has announced it will outsource its IT as part of a company-wide restructure which will see up to 1000 jobs cut.

As part of operational rationalisation initiatives and IT outsourcing, 185 jobs will be cut.

The building company will cut around 1000 jobs from its workforce in the FY2013 – 6.8 per cent of its global workforce of 14,740 employees at 30 June, 2012.

A total of 700 jobs will be cut from the company’s Australian division, with 200 redundancies that have already taken place last year.

The outsourcing comes on the back of an IT transformation project headed by CIO Robert Gates to reduce costs.

Gates will move to the newly created role of chief administrative officer from 1 February, 2013, “leading corporate support functions of human resources, safety, environment, procurement and IT,” Boral said in an ASX statement.

The restructure is expected to save Boral around $90 million per annum, with around $37 million in savings during the FY2013.

“My 100-day review of the business highlighted the need to make some tough decisions. This is a great company, with a great history and great potential. However, over time, it has become burdened with excessive overhead costs. While this may be less obvious during the good times, it becomes critically exposed when times are tough,” Mike Kane, CEO and Managing Director, said in a statement.

Follow Stephanie McDonald on Twitter: @stephmcdonald0

Follow Computerworld Australia on Twitter: @ComputerworldAU

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

References show all
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: outsourcing, Boral, outsource
Latest Blog Posts
  • Information Management
    Valuable data can be a needle in a haystack, but by leveraging the value in existing information assets, organisations can generate real and achievable gains in revenue generation, IT investments and productivity gains. This whitepaper discusses how Information Management (IM) is a multi-faceted discipline that can be employed to meet or exceed your business objectives.
    Learn more »
  • eBook - Flash Buyers Guide
    This paper provides a guide for evaluating and selecting the best all-flash storage for your enterprise class environment. The detailed content covers all product classes and where they can be best applied to your circumstances, as well as what the key elements are for each to avoid potential pitfalls in the selection process.
    Learn more »
  • Swiss Nuclear Power Plant Improves Business Continuity
    Learn how Kernkraftwerk Leibstadt (KKL), a Swiss nuclear power plant, achieved 95% virtualization with 50% fewer servers in just two months by implementing a Vblock System. The solution ensures that KKL can reliably deliver the continuous electricity supply safely and cost effectively.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Latest Jobs
Salary Calculator

Supplied by

View the full Peoplebank ICT Salary & Employment Index

Recent comments