Geac to axe staff

Geac to axe staff

Struggling business applications vendor Geac Computer has announced plans to chop its workforce by about 12 per cent worldwide, in an attempt to return to operating profitability by next month and prime itself for a potential sale.

William Nelson, who was named Geac's interim CEO after predecessor Douglas Bergeron resigned, said he expects to start receiving offers from prospective buyers late next month.

Norbert Kiss, Geac general manager enterprise solutions division told ARN the staff cuts would have a minimal effect on the company's Australian operations.

"The net effect will be about 15 jobs [cut] in Australia," said Kiss, who claims Geac has not been recruiting staff who have left over the last few months.

Geac ran into troubles this year, reporting a $US44.3 million loss from continuing operations in its first fiscal quarter, which ended July 31.

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