Restructure stories

Growing trends towards self-service and increasing demands for rapid delivery are causing many businesses to rethink the way they service their clients.

Changing skill sets are leading nearly half of organisational restructures in New Zealand and Australia, reports Hays, as firms adapt to new business needs.

The company will re-align its business under three distinct segments and undergo significant restructuring operations.

Ingram Micro NZ restructures post-Connector Systems acquisition; MD Gary Bigwood denies large-scale redundancies, citing strategic role shifts instead.

Datacom Group is now aligned into four market-facing businesses, which focus on specific geographies or sectors, including AU, NZ and international.

It has been rumoured that employees of HPE NZ could be facing redundancy due to the HPE Next initiative introduced by Meg Whitman last year.

The split will result in four reportable operating segments and has lead to some leadership changes in those areas.

After a year under bankruptcy watch, Avaya's restructuring plan gets court approval, positioning it for a strong comeback with significant debt reduction.

Investments include the launch of 'Stories', an additional capability within its MediaPortal platform, which was recently upgraded.

Former ShoreTel channel boss Ben Swanson is taking over the reins as ANZ regional director, replacing Jamie Romanin.

While news on the future of Avaya has triggered speculation on the direction of the company, Avaya Australia & NZ assures it is business as usual.

HP plans to cut up to 4,000 jobs by 2019 as part of a global restructure aimed at saving USD $300 million, citing declining PC sales.

Cisco to cut up to 5,500 positions as part of effort to focus on software-defined networking products and services.

The axe has fallen on Dick Smith support office jobs, while Australian staff may be owed up to $2 million in annual leave.

JB Hi-Fi's NZ general manager has exited the company, but the retailer has reconfirmed its commitment to the market with $15+ million in investment.

Rakon returns to profit with a USD $3.2 million net gain after closing its UK plant and shifting production to India and NZ, despite doubling its debt.

Dick Smith takes the axe to 80 roles in a bid to slash costs for a 'sustainable future'. Restructuring set for June completion.

Inventis, the unprofitable furniture and technology company, has sold its New Zealand unit to a Hamilton-based building firm for an undisclosed sum.

Fletcher Building, the country's biggest listed company, has appointed a former senior executive at CRH, a Dublin-based building materials group,,t.

Rakon, which makes crystal oscillators used in navigation devices, narrowed its first-half loss and affirmed its guidance for annual underlying ear.