Retail credit company Latitude Finance lays off staff in the wake of Covid-19

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Latitude Finance, the parent company of consumer finance company Gem Finance, is set to make some staff redundant. The company said the redundancies were part of measures to offset the impact of Covid-19. However, a Latitude spokesman wouldn’t say how many people would lose their jobs. “Latitude has taken significant action to reduce the impact of Covid-19 and ensure that we remain in a strong position to support our customers and partners through this challenging period,” he said. READ MORE:* Coronavirus: Anger and dismay at Air New Zealand plans to slash another 2000 jobs* Ricoh cuts 80 jobs as the impact of the coronavirus is felt* 2degrees proposes to cut its workforce by 10% * Loan scammers got $250,000 from Gem Finance “This includes adapting our strategy and reducing our costs to offset the impact restrictions have had on business activity. Unfortunately, this will result in a small number of redundancies.” Simon O’Connor/StuffStore closures during level 4 lockdown lead to an 86 per cent drop in applications for credit. (File photo) Customers would not be affected and the company hoped to redeploy staff where possible, the spokesman said. Latitude has 2.6 million customers and is available at nearly 2000 retailers in New Zealand and Australia. Latitude has more …

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