Kontiki Finance Ltd has made 14 positions redundant as part of a restructure.
The company has made the announcement through the South Pacific Stock Exchange.
“In January, Kontiki Finance Limited started evaluating its business process and efficiency.
“The business was able to be restructured to provide more efficient onboarding and retention processes and these are being implemented alongside a new organisational structure,” said the company statement.
“In the new structure 14 positions are no longer required and those employees have been made redundant. “No further redundancies are anticipated at this time.”
Kontiki Finance Ltd remains committed to its workforce of 156 employees and to its 263 shareholders, states the company.
The company also had its employees work from home during COVID-19 to manage risks between March and June, 2020.
“Now this period is passed, employees have returned to the Suva office.”
The company says it remains committed to assisting customers experiencing hardship.
‘”Currently, 10 per cent of our customers have contacted us for assistance due to COVID-19.”
