The new Fronditha Care CEO Faye Spiteri-Tsolakis will need to deal with a $6.7 million deficit as she takes up her duties.
To succeed in her new role, she will need to make some tough decisions so that the organisation can bounce back and show a surplus. Sources of Neos Kosmos say that major changes are on their way in an effort to ensure the sustainability of the aged care provider.
Already, the group has cut collaborations with administrative personnel whereas others have seen their hours tightened in an effort to reduce costs.
The nursing staff has not been affected by the changes mainly seen at the central office at this point.
No official announcements have been made.
READ MORE: New Fronditha Care CEO appointed as head of the aged care provider
Former Fronditha Care CEO Michael Malakonas had maintained that “there was no reason for concern” despite the deficit at a time of pandemic.
Ms Spiteri, soon after resuming her own role, announced that some changes would need to be made. “What we won’t do, and I can say this with certainty, is to reduce the quality of our services,” she told SBS. “Serving our aged continues to be our basic goal and we will not make any concessions for this.”
During the same interview, she refuted the possibility of a buyout or merger with any other aged care providers.
“What we want to do is to bring the organisation to where it was for more than 40 years,” she said.