Ventia has told staff of a company-wide restructure, with redundancies to come from 1 December
- Company
- Ventia
- Roles
- Multiple redundancies
- Date
- 10 November 2026
What we've heard
Latest developments
On 10 November a person at Ventia told us the company has told staff across the business of a restructure, with redundancies to come from 1 December, and that staff were told after the news went to shareholders. The person put the savings at 30 million. Ventia's release to the ASX on 9 November says at least $60 million a year by December 2027, with about $30 million in one-off costs.
Inside Track
Stay up to date with Ventia
Subscribe to our newsletter to hear what's happening at Ventia first.
From the public record
- 9 Nov 2026
- Ventia told the ASX it will cut its operating sectors to three and streamline its corporate functions and shared services from 1 December, targeting annualised cost savings of at least $60 million by December 2027. Ventia ASX release
- 9 Nov 2026
- Ventia shares fell 16.23% on the day of the update, which also warned that second-half revenue would be below the year before, reported by The Bull. The Bull
The messages, as they reached us
Anon please- Ventia informed company wide of business restructure with multiple redundancies to come Dec 1 to slash overheads by 30 million staff notified after release to shareholders
Correct statement word for word “The initiatives today are expected to deliver at least 30 million in annualised cost saving by Dec 2027
Tips are unverified until we report on them. Something here wrong? Tell us through the corrections form.
Work at Ventia? Tell us what you're seeing. We never publish who sent a tip.
Inside Track
More from the Inside Track
-
Not sure if you’re also aware but they have also shut down the KPMG office in Townsville a couple months ago and made everyone redundant along with the earlier restructuring they made Anon please - KPMG Tasmanian chair has contacted staff and confirmed there is no plans to shut Hobart office - have confirmed with higher ups including John Sams this is definitely not the case - the rumour isn't true and the number of job losses in the report...
-
Cerebral Palsy Alliance understanding redundancies across the board amid cost cutting due to ongoing revenue challenges
-
Anon pls. Deloitte Access Economics also let around 15 staff go last week, mainly directors. Apparently more to come. This comes after news a few months ago that directors who don’t meet targets will automatically be put on a PIP
