Companies House cuts 250 jobs

Companies House is looking to cut up to 250 jobs by 2013 as part of its plans to move from a paper-based processing organization to an electronic registry.

The Cardiff-based government agency aims to make most of its documents ready for digital transactions by March 2013.

As part of the plans to become wholly electronic, the organization will cut between 200 and 250 jobs, a quarter of its existing 985-strong workforce, over the next three years. Companies House has cut more than 150 full-time employees over the past four years, and the latest job cuts are expected to hit some IT staff as well.

Companies House said that it will pass on in full the savings it makes by going digital, through lower fees. Customers pay 25 percent and 50 percent lower fees for electronic incorporation and electronic annual returns, respectively, compared to the paper service.

From: Computerworlduk