Struggling debt-chasing agency Collection House has laid off more than 5 per cent of its staff, blaming tough market conditions.
The company, which is trying to negotiate a recapitalisation under a banking standstill that expires at the end of the month, struck the redundancies across divisions from legal services to human resources and information technology.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
