Type
Merger/Acquisition
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Information / Communication
Computer Programming, Consultancy And Related Activities
Computer Programming, Consultancy And Related Activities
62.01 - Computer programming activities

700 jobs
Number of planned job losses
Job loss
Announcement Date
14 September 2012
Employment effect (start)
Foreseen end date

Description

IT company Logica will cut 700 UK jobs following its acquisition by the Canadian firm CGI. The redundancies account for more than 10% of the company's UK workforce. Similar activities are recorded in other EU countries, e.g. 250 jobs will be cut in Finland (see here) due to the merger.

As of 24 September, there is no timeline for the implementation of the job losses.


Sources

  • 14 September 2012: IT Contractor
  • 17 September 2012: Computerworld UK

Citation

Eurofound (2012), Logica, Merger/Acquisition in United Kingdom, factsheet number 74145, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74145.