back to article Brit IT infrastructure giant Computacenter hits pause on shareholder dividends after furloughing 10% of staff

Computacenter has suspended dividend payments to shareholders after furloughing one in ten workers, the lion's share of which include engineers, project managers and consultants unable to visit customers on site. In an update to the London Stock Exchange, the listed services-based reseller, one the largest across Europe, said …

  1. Stu J

    Surely no sensible company should be thinking about paying dividends at the moment - if you've got cash in the bank, use it to pay your staff if possible, and otherwise use it to keep yourself afloat until the current crisis passes......?

    1. hoola Bronze badge

      You may think that but I believe that is exactly what has happened, I cannot remember where but there were some quite high profile dividend payouts.

      There is a knock-on for investors but increasingly it is appearing that some sectors are doing everything possible to ensure that any financial impact is someone else's problem. In the commercial property area this looks to include getting this months rent even if that means the company that is paying is then insolvent and goes under.

      Maybe some of these landlords should start charging more for all the distribution centres and warehouses that they keep building. That would then also start to address some of the mismatch where the likes of Amazon have a huge advantage.

  2. Pascal Monett Silver badge

    "companies registered in tax haven countries will no longer be eligible for aid"

    Well you can't have it both ways, not contributing to the country you're working in and getting aids at the same time.

    It's only logical.

  3. Anonymous Coward
    Anonymous Coward

    Not just Computacenter...

    Sopra Steria are furloughing staff despite recording revenue growth for Q1

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2020