Feeds

ICL slashes 700 jobs

Eliminates 'duplication'

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

ICL will slash 700 jobs in an effort to cut costs by 15 per cent. The company said this would include 200 job losses in the UK as part of its "Project Charlton", according to this week’s Computing magazine. The jobs will be axed from ICL’s operational services division, which employs 11,000 worldwide. A representative told The Register the losses had resulted from job duplications due to ICL linking some of its existing businesses together. The jobs lost will be in administration and support, and some service engineers will also be given the push. Staff will get 90 days’ notice with immediate effect, after which time they will be retrained or made redundant. ICL said it aimed to concentrate on e-business services and customer relationship management. The company needs to hit a six per cent operating margin before its flotation on the stock market next year. It is currently running at three per cent. ICL said the losses were not connected with drumming up finances in preparation for its float next year. ICL has 22,500 staff worldwide, and 12,500 staff in the UK.®

Intelligent flash storage arrays

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.