[YARMOUTH, NS] - Increased competition is the reason being given for the impending layoff of 20 people employed by Corporate Services Company (CSC) at Hebron Industrial Park.
Officials delivered the news to the workforce of 33 on April 28. The company is an Internet-based business that assists corporations to manage their domain name portfolios.
“For the employees that will be negatively impacted by this our heart goes out to them and we are doing a number of things to mitigate their hardships,” said vice-president Jim Stolzfus.
The Yarmouth Area Industrial Commission, which assisted CSC in becoming established in the area in 2006, describes the company on its website originally as a spinoff of Register.com, employing 65 people in the beginning. The business specialized in “supporting the online needs of the largest corporations in the world.”
An employee of the company, who wishes to remain anonymous, says that the average salary is in the range of $40,000.
Stolzfus says those impacted will have the opportunity to remain employed for six months while they look for other employment. During that time period they’ll be assisted in their job search through the preparation of resumes.
He says he visited nearby Register.com and had a discussion with management after the announcement, explaining the situation with them and putting in a “really strong endorsement” for the impacted employees.
“I was pleased to learn that there may be an opportunity for some of the employees there,” he said.
CSC will continue operating in the area with 13 employees. It’s unknown as to whether they will remain in the same building.
Stolzfus says the industry is a very price competitive business and that customers are continuing to press companies to do more with less.
“We’re having to be very mindful of our cost structure in order to be competitively priced in the industry,” he said.
He expressed regret at the reduction of staff.
“They’re good people and it really disappoints us as well. We are very glad that we’re going to be able to continue with an office in Yarmouth and continue to be an employer in the area but unfortunately it won’t be as large as before.”
The CSC layoffs impact the Yarmouth office only.