QinetiQ Watch 2007

An interesting article on Qinetiq's curent situation taken from a PCS Union briefing:-

QinetiQ – Preparing you for a future you cannot imagine

"...It’s hard to imagine things could have got worse in QinetiQ. There was the scandal of the company being undersold, the huge profits of the Managing Director upon floatation, the criticism of QinetiQ in the Nimrod report, and pay freezes. Its profits are expected to fall by 25% this year. Then QinetiQ decided to rip up its agreements with the unions and try to impose new redundancy terms – and members will be unsurprised to note that these will be less advantageous than the terms that TUPE transferred with Civil Servants in the first place.

Now the company is looking to reduce its operating costs by 10%. “Operating costs” is Corporate speak for people. This was demonstrated in an email by the new CEO, Leo Quinn, who said,
“Our people costs make up the largest proportion of our total operating costs and so we have to look at spending more wisely in this area.”

If QinetiQ follow the logic of organisations like Vosper Thorneycroft, then they will focus especially upon non income generating parts of the business. This could affect the DTR programme indirectly if it is moved into the SDR.
QinetiQ have always been quick to assure PCS that our members have nothing to fear in working for them. Indeed, they characterise themselves as like the Civil Service. That claim now looks more doubtful than ever."