Page 2550 - Week 07 - Monday, 15 August 2022

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(2) (a) As of 22 June 2022, the number of voluntary redundancies finalised by CIT are as follows:

Year

Voluntary redundancies finalised

2016

1

2017

6

2018

4

2019

9

2020

5

2021

1

2022

0

(b) The dollar amount of each redundancy is shown below. The amounts are the total of the severance and notice period components for the individual redundancy payouts. Payouts of accrued annual and long-service leave are not included in the figures below.

Severance and notice payout

$80,813

$95,597

$95,597

$100,907

$91,487

$78,220

$64,678

$112,221

$60,399

$73,328

$57,862

$113,379

$86,465

$62,167

$76,112

$68,069

$82,358

$75,267

$56,331

$50,996

$99,570

$41,172

$50,885

$59,532

$47,326

$35,410


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