The casino operator is running out of options as it fights to stay afloat.
The company also rebounded from a loss to post A$799m in interim profits.
The company initially proposed to cut 38 editorial roles.
He has been the highest paid CEO in the country.
Managing director Andrew Reding sees 'signs of improvement' in housing market.
Offer of 25 cents a share a 107% premium to its share price.
Listed bank expects ongoing challenging economic conditions in the second half.
Revenues were lower for iron ore and coking coal despite higher production.
The listed bank now expects net profit between $2m and $5m in first half.
The Australian-owned company’s underlying earnings have fallen 88%.