New Zealand-based security and network monitoring equipment vendor Endace is to bring its manufacturing operation back to New Zealand, after outsourcing it to Singapore in the early 2000s. In a statement today, Endace announced that it has partnered with Christchurch-based GPC Electronics in a contract manufacturing deal.
Stories by David Watson
Plans to take on staff remain firm among employers in the IT sector, according to recruitment company Hudson's latest quarterly employment expectations report.
Due to a long-term decline in its share price, IT distributor and retailer Renaissance Corporation has been forced to apply to the NZX to issue shares to its new CEO and CFO.
Renaissance managing director Paul Johnston has resigned following the company’s downgrading of its guidance for its full-year profit. On Wednesday, Renaissance announced that it had revised its guidance for the full-year result from a projected $1.7-$2 million to $700,000.
Steve Martin, professional and technical director at Kelly Services, says signs of a recovery in employment in the short term are limited, but that “we’re beginning to see some emerging developments that may point to increased activity in the final quarter of this year, with stronger growth in 2010”. The developments are particularly evident in the telecommunications sector, Martin says, where “a growing number of projects have resulted in an increase in recruitment needs for a variety of roles, from helpdesk support to business analysts”.
Information technology is being less affected by the recession than many other employment sectors, because it is seen as a core business function.
Opinion is divided as to whether there has been a move from IT contracting, towards employers hiring permanent staff and former contractors seeking fulltime roles.