Survival strategy_2
3 April 2012
Staff at troubled IT recruiter Glotel have been offered share options in return for accepting a pay cut. But will this pioneering scheme save the company?
It is no secret that IT recruiter Glotel has struggled since the economic downturn began last year. The company was one of the many in its field forced to admit to shareholders that the global economic slowdown had badly affected its sales.
Glotel’s struggles are well documented. The sectors it was exposed to, both in business and geographical terms, were the...