ASIC seeks redundances

Australian Securities and Investments Commission announced on Tuesday it would be seeking voluntary redundancies from its staff across Australia, including its Traralgon branch.

While the agency insists they have no target number for the staff cuts, the company has asked for expressions of interest from employees to meet Federal Government efficiency dividends requirements.

“It is important that ASIC makes changes now in order to meet its strategic objectives,” an ASIC spokesperson said.

“These issues are being supported with open and direct communication to all staff.”