Originally Posted by
Waikaka
Redundancy provision from note 20 of 2020 annual report:
"An organisational restructure was undertaken in 2020 to reduce the workforce by around 25% with circa 90 employees leaving the Company either through redundancies, retirements or resignations from November 2020 through to April 2021 (refer to note 1). The total cost of there structure was $5.6 million, recognised in wages, salaries and other benefits in the year ended 31 December 2020. Redundancy payments totaling $1.2 million were paid out prior to 31 December 2020, with the balance of $4.4 million to be paid in the first quarter of 2021."
Doesn't seem like huge redundancy payments to me.