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March 27, 1989

DATA LOGIC AXES 70 JOBS IN THE UK

By CBR Staff Writer

Data Logic Plc, the London software house owned by Raytheon Co, has announced 70 redundancies throughout the company with about half of these coming from administrative positions. The restructuring is to strengthen Data Logic’s competitive position in the trading room systems world market and is absolutely not part of a streamlining prior to being disposed of by Raytheon. Alan Thomas, the company’s current president is taking a sabbatical to work as head of the Defence Export Service at the UK Ministry of Defence, while John Ockenden joins Data Logic from CAP Scientific to become acting chairman and chief executive.

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