Feeds

Job cuts loom for Legend

ISP reports 'downturn in trading'

Business security measures using SSL

Staff at Lancaster-based ISP Legend Communications have to decide by today whether to accept voluntary redundancy.

Letters were sent to all workers last week offering them the chance to bail out of the company. But the letter warned that if enough people did not accept the voluntary offer then the ISP would be forced to make compulsory job cuts.

At this stage it's not known how many people face the chop. In an email to staff the company said "no decisions regarding our level of overheads have been made, as this is a process that will require considerable strategic thinking."

It went on: "The most important thing to note is that any recommendations made relating to the structure of the company moving forward will be with a view to help it be a more competitive and enjoyable place to work as well as one that is successful in the long term."

A week ago Legend - which until recently was known as Business Serve - issued a trading statement to the London Stock Exchange warning that its broadband business was being squeezed and that it had been hit by "two bad debts" amounting to some £200,000.

Said the company: "Although trading at the beginning of the financial year was in line with management expectations the last few weeks have proved to be particularly challenging. The downturn in trading is attributable to continuing margin pressure on the ADSL business line and an unexpected decrease in customer renewal rates.

"Over the last few weeks it has become apparent to the board that this trading trend could well continue.

"Whilst the board is confident that the business will be profitable in the current year it is undertaking a review of the company's full year figures, including a review of the level of the company's overhead."

No one from Legend was available for comment at the time of writing. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.