The Works’ parent RXP to restructure after market disappointment

RXP Services, parent company of The Works, is to restructure following an earnings warning that saw the company’s stock drop nearly 8% last week.

In its trading update, RXP announced it was revising its revenue estimate for financial year 2018 down from $150 million to between $145 and 146 million. The news follows The Works being dropped from the Optus roster in March.

RXP CEO Ross Fielding: “The Works continue to deliver in line with our expectations.”