Merged SmartForce issues voluntary redundancy package

E-learning company Smartforce last week announced the successful closing of its merger with SkillSoft Corporation, following the unconditional approval of both companies' shareholders on Friday, September 6.

Greg Priest SkillSofts chairman announced that the merger "represents the best strategic move for both companies and it is the strategy that is most likely to deliver increased value to out respective shareholders".

Subsequently, over the weekend, the new chief executive of Smartforce Chuck Moran delivered news outlining a voluntary redundancy package to the company's 400 staff in Dublin.

The company has divulged that the merger will result in global job cuts but has said that its Dublin operation is not likely to be hit hard. The company has also refused to give details on how many jobs it hopes to shed with the package.