EDS offers early retirement
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Electronic Data Systems offered voluntary early retirement to about 9,200 US employees who are at least 50 years old, the world&#39;s second-largest technology services provider said Tuesday.
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EDS (Electronic Data Systems) warned yesterday that its third quarter earnings would take a significant hit from US Airways&#39; Chapter 11 filing on Sunday.
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PLANO, Texas - Electronic Data Systems Corp. said Tuesday it would offer early retirement incentives to 9,200 US workers, or 17.4 percent of its domestic work force, and expects to take a $150 million charge in the fourth quarter to cover the costs.
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Got a minute? Then I've got a retirement plan for you.
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A new regulation allows employers to establish two classes of retirees, with more comprehensive benefits for those under 65 and more limited ones, or none at all, for those older.
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Electronic Data Systems (EDS), one of the world&#39;s biggest computer services companies, is likely to cut up to 20,000 jobs over the next two years, the company&#39;s chief executive said.
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So you're about to retire. You've got your finances in order and your health care in hand. But have you written a mission statement for your life? Sat down with your spouse and written post-retirement job descriptions? Discovered your retirement path? If not, you'd best get busy.
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You're busy. Planning for retirement takes time. But not too much time.
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Electronic Data Systems Corp. (EDS) is beginning to implement a new vendor-relationship strategy emphasizing deeper alliances with fewer vendors.
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Electronic Data Systems Corp. (EDS) plans to lay off between 15,000 and 20,000 employees over the next two years as part of an effort to slash $3 billion in costs, the company's Chairman and Chief Executive Officer Michael Jordan said Thursday during a question-and-answer session at a conference.
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Electronic Data Systems Corp. , the second-largest computer-services company, plans to offer early retirement to 12,000 employees, a quarter of its US workforce, after orders plunged last quarter.
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PLANO, Tex. (CP) - Electronic Data Systems is cutting 4,600 jobs through early retirement and taking a $150 million US charge in the fourth quarter, the information technology company said Tuesday.
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The fall can be an anxious time for employees across the country, as companies hold their annual open enrollment periods and invite workers to choose benefits from a complex range of health insurance, disability coverage and retirement savings alternatives.
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Last week&#39;s disclosure by International Business Machines Corp. that it will close its traditional pension plans to new employees and give the new hires only a 401(k) plan is more than
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Some of the nationâs biggest companies will announce a new program meant to make health insurance available to their former employees ages 55 to 64.
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Most employers that offered retiree health benefits this year will continue to do so in 2005. But the percentage of employers that are dropping retiree benefits for current retirees will rise to 11% in 2005
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Electronic Data Systems has offered voluntary early retirement options to about 17%, of its U.S. employees and will take a pretax charge of about $150 million in the fourth quarter as a result of the move.