Jack Morton MD Schenker heads back in VP role

HONG KONG: Jack Morton has reduced its head count from more than 60 staff last year to 17, just weeks before its managing director Scott Schenker returns to the US. Schenker said the redundancies were made because the company ceased its annual report business. He also denied rumours that he was quitting, saying he was returning to the US in his previous capacity as vice-president by year-end. "I was supposed to leave in July and this was extended. This was the arrangement from the start," he said. Schenker added that the company was forced to make the redundancies as a result of the slowdown and last year's restructuring. According to Schenker, a number of staff also left by choice last year. "We decided to get out of the annual report business and several people left because of that," he said.

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