Jack Morton MD Schenker heads back in VP role

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