Asian owners make decision to shut Teco

The decision last week to close PC company Teco was made by the Asian owners in Taipei, says Teco IT manager Terrence Christie. The company shut its doors last Monday, with the loss of nine jobs. "We found jobs for four of them soon after we closed," says Christie. "It was a management decision made in Taipei. I don't know, but I think they didn't see a lot of future in the IT industry in New Zealand.'

The decision last week to close PC company Teco was made by the Asian owners in Taipei, says Teco IT manager Terrence Christie.

The company shut its doors last Monday, with the loss of nine jobs.

“We found jobs for four of them soon after we closed,” says Christie.

“It was a management decision made in Taipei. I don’t know, but I think they didn’t see a lot of future in the IT industry in New Zealand.

“There are lots of questions one has that have so far not been answered.”

Founded in 1989, Teco supplied its own brand of PCs and notebooks and had agencies for Kyocera lasers and Seikosha printers.

Christie says negotiations are in train with an Auckland company to take over the warranty obligations for the PCs, notebooks and the Seikosha brand.

“Kyocera has set up its own service centre and will carry those warranties.”

Teco’s other business, in industrial motors and air-conditioning, is still trading pending negotiations with potential buyers, or perhaps a management buy-out.

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