Unisys to shed workers

By Derek Sooman on October 7, 2004, 2:44 PM
Unisys is to shed 1,400 workers in order to save $70M a year by the end of 2005. The firm will take a one time $63m charge to earnings for the actions, and will require around $85M in cash during 2005 to make the moves. The firm already has some of that cash, in the form of a $30m payout from an income tax refund. More here.

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.