Mincom drops 100 staff

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.

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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

Suzanne Tindal

About Suzanne Tindal

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 the site.

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6 comments
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  • Not sure this is news

    Mincom have changed direction, focus etc every year they have existed including retrenching people. For a company it has always amazed for its lack of single focus and strategy optimisation.

    Data#3 could be considered to be better managed which is saying something
    anonymous
  • Mincom and the Govt Support?

    Maybe Mincom have had to wake up the reality that they have been protected for far too long with their mismanagement and poorly planned strategy. OR maybe the amount of lobying done on behalf of MINCOM by some of the QLD MP's is being brought into question as a reulst of the Lobyist Register.

    If it wasn't for hand-outs and the corrupt QLD government, Mincom would have died a horrible death many many years ago.
    anonymous
  • Mincom drops 100 staff

    Could it not be their mission to outsource their work to ValueLab India is accomplished and that it is cheaper to have 100 ValueLab staff than 100 Mincom staff? So they are considered excess.

    Mismanagement is always one of key attribution of this organisation.
    anonymous
  • Mincom Layoffs

    The article says, "The company was working with those who had been let go to support them and find them jobs outside Mincom."
    After the first round of 100, Mincom found it easier to lay off US employees without providing them the above quoted support. It was very clear to me that my US job was to be performed by people in Kuala Lumpur, and to me, that is off-shoring my job. I no longer have it, somebody in Malaysia does.
    anonymous
  • It Has Started

    It has already been started ......they had redundant many employees last month. Yes Malaysia Guys are doing great !!!!!!!!!!!
    anonymous
  • Mincom has laid of more Nth American staff

    and there's more to come in both BNE and DEN
    anonymous