Peoplesoft plans to move its European headquarters from Munich to Amsterdam by the end of the month, if it can negotiate a favourable tax agreement with the Dutch authorities.
Howard Gwin, the application supplier?s European general manager, who is currently based in Germany, is expected to move to the new site with his current staff as soon as the deal is completed.
The headquarters, which will open for business with around 50 employees, will also house a new centralised services and support organisation. European support is currently offered by staff in the US and UK, who will be redeployed.
Stephen Hill, Peoplesoft?s vice president and treasurer, said: ?We expect most of our European admin, management, finance and centralised services to be centred in Amsterdam. We hope everything will be consolidated in Amsterdam by the end of this month, but if it?s not advantageous tax-wise, we will re-evaluate. We like Amsterdam though because of its neutrality and the language skills of the population.?
Peoplesoft generated only 15 per cent of its $450 million revenues from its international business last year, but hopes to grow that percentage ?significantly? this year, although Hill declined to divulge concrete targets.
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