Jobs to go at CPA

Wednesday 5th November 2008, 3:00PM GMT.

00456505_cropped.jpgCOMPUTER Patent Annuities is cutting jobs in its information systems department.

Although at least 20 jobs are rumoured to be under threat chief executive Peter Sewell said that the number of losses would not be that high. Mr Sewell denied that the current cuts were related to the financial crisis globally, but said that if the recession continued for a long time the company would be hit by the downturn.

Mr Sewell (pictured) said: ‘Basically this is something we do periodically and it is no big story. CPA is growing rapidly – we now employ 1,200 people around the world – and as the business changes and technology changes we look at where is the best place to locate parts of the business and some of those things are moved around.’

The chief executive said he did not want to comment on the exact number of jobs lost, for legal reasons. ‘We are in consultation with those people and where possible we are looking to redeploy them.’


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  1. 1
    Steven Chanyi

    I write further to the article entitled ‘Jobs to go at CPA – but global crisis not to blame’ in the Jersey Evening Post on 05 November, which, as one of those affected, I read with great interest.

    I think this quote from Mr. Sewell, referring to the redundancies, sums it up quite nicely: “Basically this is something we do periodically and it is no big story”. Well that is a relief. No need to worry about those twenty, or so, employees who have given up the majority of their lives for the past year, five years, ten years, or nearly 30 years – there’s no story there. Put into the context of “record profits last year” and a “flying start” to this year, one begins to develop a picture of CPA under his stewardship. Long gone are the days when CPA could boast that ‘caring for its people’ constituted one of its core values.

    I suppose if I were an executive of Mr. Sewell’s ilk, I would not see my employees as the backbone of my company and major contributors to its success. I wouldn’t want to discuss the hardships they may face because of the decisions of my executive team. Instead, I would probably distract you from such unpleasant topics, with things like our shiny new building, our impressive growth, and our global reach. I would ensure that I kept everyone ‘on message’ and behind my primary management priority – maximising the perceived value of my company to prospective buyers. Because, really, that is what business is all about today, no longer about providing a quality product or service, at a reasonable price, backed up with outstanding customer service, and a relationship built on respect, trust, and mutual benefit.

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  2. 2
    Peter

    It’s all about greed once again!!!

    Welcome to Jersey.

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