Great Plains, the US-based mid-market business solutions provider, has axed 170 staff following a string of takeover deals this year.
A spokeswoman confirmed the 2,200-strong global workforce had been cut by around seven per cent as part of a staff reduction policy, but could not specify the number of UK job losses. Great Plains, which recently acquired Solomon Software, a provider of flexible business management and e-business solutions, has more than 130,000 customers.
The company said the job cuts were due to its attempts to ‘realise savings’, despite having reported fourth quarter revenue increases of 48% compared to the same period last year. Fourth quarter revenues for the financial year ended 31 May, 2000 were $59.6m (£39.3m).
‘It is a record level for the company, compared to $40.1m (£26.4m) for the fourth quarter of fiscal 1999,’ according to the company’s financial report posted on its website.
Of the 170 redundancies, about 40 people opted for early retirement, including Wayne Harding, vice president of Great Plains’ application service provider unit and the firm’s most visible accounting industry presence.
His departure comes just two months after the resignation of UK MD Neil Robertson. Great Plains said the split was amicable and that Robertson had left ‘to pursue other business ventures’.
Great Plains’ revenue for the financial year ended 31 May 2000 increased 44% to $194.9m (£128.5m) compared to $134.9m (88.9m) for the year ended 31 May, 1999. Operating income for financial year ended May 2000 was $16.7m (#11m).
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