Staff cuts at GIO
AT LEAST 10 staff at the Goonellabah office of insurance company GIO has been told they will lose their jobs after the company failed to win a claims management contract.
The insurer yesterday confirmed it had begun informing staff last week after it became apparent the NSW Self Insurance Corporation would not renew its contract with GIO to manage claims under the Treasury Managed Fund.
“Pending a formal announcement (about the loss of the tender) GIO has begun informing key staff members of the results and implications,” a company statement said.
“We are currently working through the full requirements and the implications. It is too early to determine exactly how many employees will be affected, but we are looking to maintain our presence in Lismore.”
News of the job losses follows a recent rash of redundancies across the region.
It was revealed last Saturday that 30 jobs are expected to be lost when a SPAR Supermarket in Byron Bay closes its doors.
In April, about 10 staff at the Lismore-based office of Forest Enterprises Australia lost their jobs when the plantation giant collapsed with debts of more than $126 million.
About 40 contractors and 70 seasonal workers also lost their jobs.
GIO is seeking to find other positions for its Goonellabah staff.