14 employees of Kontiki Finance Limited have been made redundant due to the new company structure.
According to the bank, in January, Kontiki Finance Limited started evaluating its business process and efficiency.
The business was able to be restructured to provide more efficient on boarding and retention processes and these are being implemented alongside a new organizational structure.
According to their statement in the new structure since the 14 positions were no longer required and those employees have been made redundant, no further redundancies are anticipated at this time.
The bank says it remains committed to its workforce of 156 employees and to its 263 shareholders.
Between March and June this year Kontiki Finance Limited has managed its COVID-19 risk by having its employees work from home and at three other locations in Suva .
Now that it’s employees have returned to the Suva office, Kontiki Finance Limited says it remains committed to assisting customers experiencing hardship.
The bank confirmed currently 10% of its customers have contacted them for assistance due to COVID-19.
For those who have been affected by the pandemic, you can contact Kontiki for assistance either with completing an insurance claim for involuntary unemployment or for a repayment holiday.