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Boral to cut 700 jobs

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AAP

2013-01-16

Building products maker Boral is cutting 700 jobs as part of a company-wide restructure aimed at reducing costs and increasing its competitiveness.

The company says it will make 700 redundancies from all levels of its business - from executive level down to its manufacturing businesses.

"The restructure I am announcing today will transform the group into an organisation that is more responsive to the realities of a cyclical marketplace and one that remains competitive not just during the cycle highs but when conditions are challenging, as they have been for the past few years," chief executive Mike Kane said in a statement on Wednesday.