(via TheNewswire)
Jervois has reduced senior corporate management roles, with30% of positions made redundant or part-time. Jervois thanks affected individuals for their contributions and for those transitioning to part-time, their flexibility.
Jervois Non-Executive Directors will also reduce their fees by 30%, effective
No awards under the Company’s Short Term Incentive Plan will be made to the Chief Executive Officer, executive and corporate management team.Jervois has also frozen annual salary increases (generally linked to inflation) for 2024 across the corporate group, and at its sites, where legally permissible.
Organisation optimisation at Jervois Finland continues to advance, with a 5% reduction in workforce and €1.0 million in annual payroll cost savings across the first half of 2024. Since Jervois acquired the business in
In addition,
Jervois is committed to maintaining a safe work environment during these organisation changes and is determined to deliver a responsibly sourced, Western supply chain of critical minerals in the face of ongoing adverse cobalt market conditions.
On behalf of Jervois
For further information, please contact:
Investors and analysts: Group Manager – External Affairs alicia.brown@jervoisglobal.com | Media: nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
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