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.
Unisys to shed workers
By Derek Sooman
Serving tech enthusiasts for over 25 years.
TechSpot means tech analysis and advice you can trust.
TechSpot means tech analysis and advice you can trust.
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