Feeds

Marconi set to announce loss of 3,000 jobs

1,200 UK workers face redundancy this week

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Marconi is expected to announce the loss of 3,000 jobs , or six per cent of its workforce, as part of a plan to reduce costs forced upon it by a slowdown in sales in the networking market.

About 1,200 people are set lose their jobs in the UK, according to a reports in several Sunday papers. The FT has said letters about the job cuts were sent out on Friday. Many of Marconi's 55,000 staff are based in the UK.

Reports suggest that Marconi will meet unions today and that the majority of job cuts in the UK will be at manufacturing plants at Liverpool and Coventry.

Marconi's full-year results up to the end of March are thought to be in line with estimates of £710m, but there is still pressure on the firm to reassure investors in light of the problems faced by the rest of the industry.

The telecommunications equipment manufacturing sector has been hit by a sudden falloff in sales that has resulted in widespread job cuts at firms throughout the networking sector including Cisco Systems, Nortel Networks and Lucent. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.