The company has so far refused to comment on the redundancies or issue any profit warnings. The company has 55,000 workers in 16 manufacturing sites worldwide.
It is believed that Marconi’s senior management believes that the company is unable to sufficiently communicate directly to customers. With the streamlining of these jobs the company will be seeking to recruit people into a new
company strategy, where over the next 12 months there will be a net increase in staff.
Marconi’s shares were trading nearly 6% lower on Monday morning at 307p, above the two-year low of 300p set last week, but well below the 1999 peak of more than GBP12.
