Boral flags more job cuts Boral is finalising another heavy round of restructuring - which will include further job cuts - as it moves to outsource some functions, along with overhauling a range of other costs such as property leases. Earlier in the year, Boral cut an estimated 800 jobs as part of a heavy $90 million cost cutting program to help revive the groups fortunes. At the same time, Boral is pursuing a number of industry-wide rationalisation initiatives in the building materials area - specifically bricks and timber - which will need the approval of the Australian Competition and Consumer Commission to proceed since it will involve mergers or asset sales to competitors. Boral managing director Mike Kane said the new round of cost cuts will be finalised by the time of the annual general meeting, which is held October 31. The next round of cost reductions won't be the size or magnitude of the January cuts, ""but it will be significant"," he said. ""This is long term and more meaningful than head count, with decisions around outsourcing, leasing arrangements"" and the like, Mr Kane said. Parts of the Australian building products industry are in structural decline he said, which is forcing the main players to cut costs hard to stay in business. Earlier today, Boral disclosed continued losses at key parts of its business, forcing a heavy $328 million write-down in asset values.