NZ Digital subsidiary bucks international trend

Digital New Zealand is looking for more staff despite the news from the United States that the company will cut 7000 jobs worldwide.

Digital New Zealand is looking for more staff despite the news from the United States that the company will cut 7000 jobs worldwide.

The lay-offs follow an announcement that fourth quarter earnings, due out July 30, will fall well below expectations.

However, local financial results due out on the same date are described as "successful compared to last year" by Digital New Zealand spokesman Hugh Scott.

Last year Digital's New Zealand business operations grew 10.8%.

Scott says DEC New Zealand is expanding and looking for pre-sales staff, project managers and networking specialists.

"The job losses follow on from what Bob Palmer (chairman) said in Sydney earlier--that the company will continue to take out people who are not adding value or servicing our customers," he says.

"Digital New Zealand restructured two years ago and now runs a very lean operation--in fact now we're in growth mode."

Digital blames a $US475 million restructuring charge and slow PC sales in Europe for its current financial woes. The company has warned that revenues will slip below the US$3.74 billion achieved in the fourth-quarter 1995.

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