It appears that it won't be a very happy Christmas for about 50 staff of Auckland-based distribution group Renaissance, who were laid off yesterday, according to industry sources.
It is believed that Renaissance shed as many as 40 staff from a payroll of 110 and its Apple Computer New Zealand subsidiary lost 10 staff from 26. Renaissance spokesman Mal Thompson could not be reached today for comment.
Renaissance, which handles Apple Adobe, Compaq, Hewlett-Packard and Microsoft, among others, underwent a major restructuring earlier this year, which included a name change from Triumph Industries and the sale of CDL as part of an exit from the reseller business.
Despite the restructuring, Renaissance declared a $1.1m after-tax profit for the six months to June 30 this year.