Chief executive Oliver Jones said the decision was a response to a downturn in January, particularly in construction management.
He said: “We have seen a number of jobs postponed in the area. It’s totally different to the rest of the country, where demand has held up very well.” Jones added: “We decided to take quick action in terms of head count rather than have serious problems later on.”
He said the cuts at the £55m-turnover group were across a range of posts and added: “It’s not something we like to do.”
Citex said last November that it expected turnover to rise by more than half to £92m for the year to 30 April 2002.
No comments yet