Feeds

Cisco pulls plugs on new Scottish office

Disappointment for Glasgow

  • alert
  • submit to reddit

Remote control for virtualized desktops

Cisco has shelved plans to establish a Scottish office that would have housed staff from two of its existing three centres in the country.

The economic slowdown has forced the networking giant to review its long-term real estate plans and drop plans to unify its Bellshill and Cumbernauld offices, Cisco spokeswoman Angela Hesse told us.

Each of Cisco's three facilities (which also includes an office in Edinburgh) will remain "intact" but the decision will come as a blow to the City of Glasgow, the front running location for the site, which hoped the facility would lead to the creation of new jobs in the area.

Cisco operates a decentralised operation throughout Europe and reports that it intended to establish a new European headquarters are inaccurate, the company tells us.

Last year, Cisco announced plans to shed 8,500 as a slowdown in telecom spending hit its revenues. At its peak the firm employed 48,000, including around 4,000 temporary workers.

Recent financial statements by the firm indicate sales have improved since then. In November, Cisco posted income of $332 million on the back of $4.4 billion sales in Q1. Taking into account one-time charges, the firm recorded an actual net loss is $268.

Q1 sales were up three per cent from the previous quarter, but 32 per cent down from the $6.5 billion recorded in Q1 2001. ®

Related stories

Cisco does a road runner from Wile E Coyote plan
Cisco beats the Street

Remote control for virtualized desktops

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
729 teraflops, 71,000-core Super cost just US$5,500 to build
Cloud doubters, this isn't going to be your best day
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
SAVE ME, NASA system builder, from my DEAD WORKSTATION
Anal-retentive hardware nerd in paws-on workstation crisis
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.