70 Jefferson City employees face unemployment

5 years 3 months 2 weeks ago Thursday, October 02 2014 Oct 2, 2014 Thursday, October 02, 2014 5:14:00 PM CDT October 02, 2014 in News
By: Lowell Thomas, KOMU 8 Digital Producer

JEFFERSON CITY - Nearly 70 people will lose their jobs at the end of the year once a software company closes in Jefferson City.

DST, an American software development firm, will be closing its offices in Jefferson City on December 31, 2014.

Employees have been offered the option to relocate to DST offices in Kansas City.

According to DST's earnings release, the company reported a consolidated net income of $137.8 million for the second quarter 2014 compared to $78.5 million for the second quarter 2013.

"Our second quarter results continue to reflect the positive momentum at DST in driving steady operating revenue and EPS growth," said Steve Hooley, President and CEO of DST. "We remain focused and are making strong progress against our strategic initiatives, including growing our customer base, completing client conversions, driving operational efficiencies and delivering new capabilities to the markets."

 

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