IT File Softworld Special – Staff lose out in efficiency drive.

The job losses are said to be a mixture of voluntary and compulsory redundancies. It is understood that the Gateshead-based company had focused on its overheads and as a result the jobs will be lost across a variety of departments including administration, technical and finance. But QSP group corporate affairs manager, Richard Hannam, said: ‘QSP has grown and changed in the last two or three years. We have looked at the running of our business and have found ways to improve it.’ The company said no more redundancies were planned. Revenues at QSP increased by 22% for the six months to 30 June 1999 due largely to strong growth in its service business.

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