24 February 2015
By ASX online platform
Companies Announcement Office
ASX Limited
Level 40, Central Park
152-158 St Georges Terrace
PERTH WA 6000

CORPORATE RESTRUCTURE

As a result of a corporate restructure 23 permanent positions were terminated by way of redundancy, and 18 casuals terminated, resulting in 41 job losses from the Welshpool Branch location.
The restructure will result in an annualized saving of approximately $4.5M at a cost of $474K in redundancy termination payments.
The Board is confident that through the change the Company has retained core capability and the flatter structure will enable a faster more streamlined delivery to customers.
The company will announce its half yearly results on 27 February 2015.

Enquiries

Mr. Michael Kenyon
Company Secretary
Resource Equipment Limited
(08) 6141 6500

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