I saw this article a while ago.
Basically it seems that, with the takeover, they had 8 extra people,
duplicating jobs. So, they sacked the 8 extra people to save money.
I'd like to know what this strategic plan is.
I'm also really interested to know what's going to happen with this
grant money. I'm betting it's going in to development of something
new, not improvement of the bn.
I think the only thing to do now is watch and wait.
Rusty
On 9/16/07, Kristen <[EMAIL PROTECTED]> wrote:
> Hello MRS. Cambell and Everyone,
> What does all of this mean?
> It does not sound good!
> Perhaps though I did not understand it!
> Actually I did not understand it at all!
> Please Explain It To Me!
> THANK YOU!
> ("SO FAITH, HOPE, LOVE REMAIN, THESE THREE; BUT THE
> GREATEST OF THESE
> IS
> LOVE!")
> >From Your FRIEND, In OUR LORD And SAVIOR JESUS CHRIST, And OUR BLESSED
> VIRGIN MOTHER MARY,
> Kristen
>
> > ----- Original Message -----
> >From: Sharon Campbell <[EMAIL PROTECTED]
> >To: "Scott Erichsen" <[EMAIL PROTECTED]>,
> [EMAIL PROTECTED],[email protected]
> >Date sent: Sun, 16 Sep 2007 21:42:21 -0500
> >Subject: [Braillenote] eight Humanware staff made redundant
>
> > We received this message from the Blind News List.
> >Stuffddcoddnz -- New Zealand
> >Saturday, September 01, 2007
> > Eight Humanware staff made redundant
> > By TINA LAW
> > REDUNDANCIES: HumanWare chief executive Richard Mander, left,
> >and corporate service vice-president Hassan Wong are still acting
> >on their strategic plan.
> > Christchurch's HumanWare is laying off eight staff, despite
> >saying there would be no changes following a takeover in May.
> > Chief executive Dr Richard Mander said the company's strategic
> >plan had not changed, but it decided it no longer needed eight
> >staff.
> > "As with other manufacturers in New Zealand, continued
> >fluctuations and the high value of the dollar have put pressure
> >on the company's performance.
> > "Consequently HumanWare has looked very hard at every position
> >and eliminated any positions that are not required."
> > Humanware, a designer and manufacturer of electronic aids for
> >the blind and visually impaired, was taken over by Australian
> >private-equity fund Jolimont Capital in May.
> > It owns about 70 per cent of the company and senior management
> >hold the remaining 30%. The company has about 230 staff
> >worldwide, including 67 now in Christchurch.
> > A range of positions were being made redundant at HumanWare's
> >Christchurch product development centre, including engineering
> >and technical roles. Two management positions were being
> >disestablished.
> > "We're not making changes in what we are doing, but we looked
> >at our strategic plan and determined there were eight positions
> >that we no longer needed.
> > "It's part of normal business process."
> > Hassan Wong, the firm's corporate services vice-president, was
> >also leaving.
> > Wong is the stepson of HumanWare's founder, the late Dr Russell
> >Smith, and is the last family connection at HumanWare.
> > Smith and his wife, Marian D'Eve, died in a light plane crash
> >in 2005.
> > Wong said the decision to leave was a difficult one for
> >"obvious reasons", but with a second child on the way, he wanted
> >to spend more time with his family.
> > "A lot of family time, effort and commitment has gone into this
> >business. I've re-evaluated things as you have to do every now
> >and then and my wife and I decided it was a decision that should
> >be made at this point in time.
> > "I've been very busy for the last couple of years. I've
> >decided it's time to focus on the family for a little while."
> > Wong planned to keep his 5% shareholding.
> > He said he was thankful for the support of Jolimont Capital and
> >Mander.
> > "There is no ill feeling or anything like that," Wong said.
> > Mander said it was difficult for employees when there were
> >redundancies.
> > "Their contributions to this process greatly helped us to
> >determine which roles we really needed in order to move forward
> >with our strategic plans."
> > Mander said no more redundancies were planned.
> > HumanWare was now focusing on new product development, partly
> >funded by a Government technology development grant worth more
> >than $1 million over two years.
>
>
> >httpccwww./uffddcoddnz/stuffirst4185714a6430ddhtml
> > --
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> >--Robert C. Shannon
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