PaperlinX to move CEO, CFO to U.K.
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Australia-based PaperlinX reportedly will move its CEO to company operating headquarters in the U.K. and close its office in Amsterdam to cut costs and simplify its corporate structure. The closure of the Amsterdam office, which was the European headquarters, together with recent staff reductions at its Melbourne, Australia, corporate head office will save PaperlinX some $15 million per year, the company said in a statement this week.
The company's two European regions will report directly to the CEO and CFO, who also will move to the UK, PaperlinX said in the statement. PaperlinX's added that it does not plan to move out of Australia.
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