Feeds

Getronics sharpens chopper, eyes 2,500 of its people

Time for some of you to be in India

High performance access to file storage

Dutch IT services provider Getronics is firing up to 2,500 staff to counter effects of the market slowdown in its homeland, but refused to be drawn on potential cuts to the UK workforce.

Telco parent KPN has reported a drop in second calendar quarter results showing a near 2 per cent drop in sales to €3.29bn as EBITDA fell more than 5 per cent to €1.31bn and net profit fell 11 per cent to €414m.

Results at the Getronics subsidiary hardly gave reason to crack open the champers either, with revenues sliding more than 3 per cent to €462m and EBITDA halving to €15m.

A spokesman told El Reg that fierce pricing competition in the market had impacted margins, down to a little over 3 per cent, and it has accelerating cost-cutting.

The plan is to slash about 5,000 jobs by 2015, he said, "as part of that restructuring programme the first jobs cuts will be at Getronics, 2,500 [positions]". This equates to one quarter of the headcount in the Netherlands.

Back-office staff are set to be impacted with roles outsourced to India, the spokesman added, but he refused to comment on the specific areas impacted.

"We are looking at all areas to improve our services. We want to align our costs with the services revenues that we make," he said. "It is a difficult market where customers are postponing decisions to invest."

Job cuts at the UK organisation were made early last year following the loss of several large contracts, but the spokesman refused to comment on any further impact on headcount. ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.