Featured Services: Asbestos Removal, CNC Machining & Milling, Commercial Electricians, Crane Hire, Electronic Design & Engineering, Fire Safety & Protection , Forklift Training & Licences, HVAC Cleaning, Industrial Design, Office Fitouts, Plumbing, Road Freight, Safety Consultants, Sheetmetal Fabrication, Structural Engineering, Warehousing & Distribution, Welding Services
Bouris' tech firm cuts jobs as part of major restructure
19/07/2012 - Mark Bouris' technology company TZ has cut jobs and costs as part of a major restructure of its businesses.
Find related suppliers
TZ, which is chaired by the high-profile entrepreneur, said it had overhauled its Telezygology Inc (TZI) and Product Development Technologies Inc (PDT) businesses in an attempt to cut costs.
The move comes after TZ announced in May that TZI had missed out on securing a lucrative tender to supply parcel lockers to Australia Post.
TZ said it had lopped 30 per cent off operational costs at its TZI arm by rationalising operational staff and reorganising its sales and technical operations.
The number of job cuts was not specified.
Another $US1.4 million in costs had been cut from its PDT business to help improve cash flow and profitability.
TZ said based on orders it has in hand, it was confident of achieving its first break-even month in terms of cash flow during the last quarter of the 2013 financial year.
Browse the IndustrySearch directory: Packaging & Labelling
Related Feature Articles
Apple has denied using "gimmicks" to dodge taxes and says it welcomes a...
Pharmaceutical company GlaxoSmithKline will axe 120 Melbourne jobs as it...
NSW needs a container deposit scheme because it will reduce litter and won't...
China's state-owned companies may be deterred from investing in Australia...
Sydney's traffic snarls are costing business and making workers tired, late...
Structural Steel Plasma Cutting Machines | Haco AustraliaSend Request
Laser Cutting System SP1500Send Request
Employee Self Service and Web-based Time and AttendanceSend Request
High Precision Plasma Systems | Ultra Cut 200Send Request
Diesel & Petrol Fuel Enhancer - FTC DecarbonizerSend Request
Pyramid Belt Sleeve | TZSend Request