ASX-listed IT services company, CSG (ASX: CSV), will lose 100 staff from its Canberra operations following the loss of several Government tenders.
CSG group general manager, Brian Lee, said the losses had been anticipated when CSG purchased a government-oriented Commander business last year. There will be no further cuts.
“The tenders that were lost to other providers had been bided for by Commander while under receivership,” he said. “We had hoped that those staff would migrate to the new providers with the contracts, but it didn’t occur.”
Lee said CSG was in a growth period, having recently taken on an additional 100 staff in its SA operations.
“As it is we’re keeping on more staff than needed because we feel they are good people and will help us grow the business. We see our main area of growth being in managed services, but are hoping to grow both the enterprise and print services businesses in Canberra,” he said.