|
BMC's offices in Ireland have not been affected by the job cuts. "Most job losses will be in the US," Irish country manager Brendan O'Reilly said on Tuesday. "I expect very little layoffs in Europe. There will be no repercussions in Ireland."
The company, which develops enterprise management solutions, said in a statement that the layoffs are necessary to more closely align the organisation's cost structure with current business conditions. The job cuts will result in a severance related charge in the range of USD14 million to USD18 million. The new job reductions bring the company's total job cuts since March this year to 900. Last month BMC lowered its earnings target for the fiscal year 2002 from USD0.37 to roughly USD0.27 per share.
BMC's business in Ireland is going "quite well," according to O'Reilly. "Our performance has been excellent and sales are increasing by 30 percent annually. We are providing better services than we used to; I think BMC is pretty happy with the way the Irish office is operating. That is why I am positive and optimistic about the future of BMC in Ireland."
Last month BMC Ireland closed its office in Dublin's city centre. Now all Irish BMC operations are located in Sandyford. The Sandyford office manufactures software and distributes it to Europe, the Middle East and Africa and sells software in Ireland. It currently employs 40 people and the workforce has grown steadily since BMC acquired Boole & Babbage in Ireland in 1999.
BMC Software makes enterprise management solutions such as Assuring Business Availability. This product delivers control over infrastructure management costs and has service management capabilities. The company's revenues currently exceed USD1.5 billion. Its products and services are widely used in the financial services and manufacturing sectors, and its customer base in Ireland includes Irish Life & Permanent, Bank of Ireland, Eircom and EBS Building Society.
More information is at http://www.bmc.com.
|
