oOh!media announced 22 redundancies in response to COVID-19 economic conditions which have cut deep into the outdoor media sector, restricting its audience and ability to sell advertising space.
CEO Brendon Cook says the company has since March taken measures to preserve as many jobs as possible.
"But the ongoing nature of the pandemic and the uncertain timeframes around any widespread and sustained economic recovery meant we had to make this difficult decision,” he says.
“Our thoughts go to those who will lose their jobs, and we thank them for their service to the company over the years. This outcome does not reflect on their performance as individuals, which has made this even more difficult.
“We are exploring any possibilities for redeployment, and will be encouraging the employees to use our Employee Assistance Program and the outplacement support on offer.”
The redundancies are part of a wider organisational restructure across the full business, which still employs more than 800 people in Australia and New Zealand.
Other measures include reducing costs, significantly reducing capex spending, and not backfilling vacancies for non-critical roles since March.
The company is due to release its half year results next week.
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