EDS offers early retirement to U.S. staffers
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MIAMI - Electronic Data Systems Corp. (EDS) offered voluntary early retirement options to about 9,200, or 17 percent, of its U.S. employees, as part of its ongoing efforts to reduce costs, the company said Tuesday.
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A law making it easier for employers to automatically enroll their employees in 401(k) and other retirement plans goes into effect tomorrow.
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By Anne Krishnan, The News & Observer, Raleigh, N.C.  Mar. 8--IBM wants workers to be prepared when it freezes its pension fund next year and switches workers into investments they will have to manage themselves.
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Visteon Corp., the second-biggest US maker of auto parts, is offering buyouts of as much as a year&#39;s pay to US salaried workers to help cut costs.
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Technology services company Electronic Data Systems Corp , on Wednesday said it offered early retirement to about 12,000 U.S. employees, nearly a quarter of the U.S. work force, and expected a charge of $70 million to $130 million in the fourth quarter.
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WASHINGTON, Feb. 14  /PRNewswire-USNewswire/ -- The U. S. Department of Labor (DOL) today announced an interim final rule requiring the distribution of 401(k) type benefits for missing non-spouse beneficiaries from terminated plans to be rolled into individual retirement accounts (IRAs).
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Restructuring Japanese microchip maker NEC Electronics Corp  said on Friday it may shed around 500 staff after announcing an early retirement program.
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The Ministry of Defence said it will save Â£600m over 10 years with a joint personnel administration system to serve all UK armed forces to be built by global IT services giant EDS.
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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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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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Electronic Data Systems  on Tuesday  made a voluntary early retirement offer to about 9,200 U.S.  employees as part of its plan to reduce 20,000 jobs over the  next two years and will take a fourth-quarter charge.
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By PULLAR-STRECKER Tom  COMPUTER services giant EDS hopes to add a green tinge to its somewhat grey image in New Zealand and Australia.
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The fall can be an anxious time for employees, 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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Maybe it's no longer a young person's game. The government, which has traditionally hired college graduates and mid-career professionals, signaled yesterday that it is interested in hiring mature workers -- those older Americans who are retired or face retirement in the private sector but want to...
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Many companies are dropping their promise of health benefits for future retirees, who now might have to stay on the job longer and rely on government health care in their old age.
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Millions of Americans are preparing to retire, but still want to use their skills and talents to help others.  They're becoming volunteers.
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Electronic Data Systems Corp.  EDS.N, one of the world's biggest computer services company,  is likely to cut up to 20,000 jobs over the next two years, the  company's chief executive said on Thursday.