I have both a green cordyline (in the front garden) and a red cordyline (in the back). The green one has grown up into a branching tree and I regularly pull off the lower leaves. The red one was cut down by frosts a few years ago, but grew again, before being cut down by frosts again last winter. However, it has grown again from the base. So I always seem to have some kind of shrubby red cordyline in my back garden.
My advice would be to cut yours right back and you should see new growth in the spring. Probably more than one shoot - I have several on mine.
Very interesting to hear of your experience with a red cordyline, and many thanks also for the advice.
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