Mincom drops 100 staff

Summary:Mincom has confirmed that it let 100 employees go in February as it underwent a restructure to shunt it into a new strategy and manage its costs.

Mincom has confirmed that it let 100 employees go in February as it underwent a restructure to shunt it into a new strategy and manage its costs.

The number represented around 8 per cent of the global workforce, according to a spokesperson for the company. Of the 100 people laid off, 50 were from Australia, although the spokesperson was unable to say within which areas of the company the employees had worked.

The company was working with those who had been let go to support them and find them jobs outside Mincom.

The new structure would lend the company a strong strategy for the next two years, according to the spokesperson. "It's not just about cost efficiencies — it's about reshaping the company," they said.

"While this has been a challenging decision to make, it will enable us to position Mincom strategically for the future," the spokesperson said.

There had been speculation that the US private equity company which bought Mincom in 2007 wanted to move the headquarters to the US, but the spokesperson said there were no plans to undertake such a move.

Topics: IT Employment, Government, Government : AU, Tech Industry

About

Suzanne Tindal cut her teeth at ZDNet.com.au as the site's telecommunications reporter, a role that saw her break some of the biggest stories associated with the National Broadband Network process. She then turned her attention to all matters in government and corporate ICT circles. Now she's taking on the whole gamut as news editor for t... Full Bio

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