Local Business

Three redundancies as Ascendant outsources

  • Jobs lost: Ascendant Group, the parent company of Belco, has outsourced its marketing and communications department with the loss of five positions, two of which were vacant

Three staff members have been made redundant at Ascendant Group following the outsourcing of its marketing and communications department to design and marketing company Cosmic Limited.

A further two vacant positions at Ascendant have also been axed.

In a statement, an Ascendant spokesman said: “The marketing and communications department for the Ascendant Group Limited has been outsourced, which will result in substantial cost savings to the company. Three staff and a total of five positions have been made redundant.

“The marketing and communications functions have been outsourced to Cosmic Ltd. a local, Bermudian-owned and managed company.”

Cosmic Ltd was founded 16 years ago, and in 2016 it merged with The Foundation, a specialist in web design, development, print and online marketing services.