Transcom Worldwide SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Transcom WorldWide SA to Close Contact Center in St. Catharines in Canada; to Cut Jobs
Transcom WorldWide SA announced that due to continued unsatisfactory profitability in Transcom’s Canadian operation, the Company’s St. Catharines (Ontario) location will be closed at the end of February 2014. Approximately 260 employees will be affected. Volumes handled in St. Catharines will be transferred to other existing Transcom contact centers in the North America & Asia Pacific region. As a result of this closure, Transcom will also be relocating its North American headquarters to its existing Denver office. This decision is part of Transcom’s efforts to improve capacity utilization and profitability in its North American operation. The closure will not result in any significant one-off costs, and the Company expects a positive contribution to margins beginning in the second quarter of 2014.
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