PaperlinX cuts Amsterdam office

PaperlinX recognises its UK-centric business with the closure of European head office in Amsterdam.

The move comes after recent staff reductions at the corporate head office in Melbourne, where previous CEO, Tom Park, reined. According to a statement, the closure of the Amsterdam office will result in ongoing cost savings of approximately A$15 million per annum and will be cost neutral in the current financial year.
 
The new arrangements will involve the two European regions reporting directly to the CEO, Toby Marchant, and CFO, who will be based at the operational head office in the UK. Marchant took over from Park in late October last year, but did not relocate to Australia and continues to be based in the United Kingdom.
 
He believes that closing Amsterdam will help centralise PaperlinX’s operations."This move is consistent with our stated objective of creating a simpler and more cost efficient head office environment with fewer centres and fewer layers,” he said.

“The relocation of the CEO and CFO from Australia to the UK brings our senior management closer to the geographic centre of our operations, given that nearly 70 per cent of our business is in Europe and 90 per cent is in the northern hemisphere."

There are no plans to change PaperlinX's domicile out of Australia.