EDS Expects to Cut Up to 20,000 Jobs
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Electronic Data Systems Corp. , one of the world's biggest computer services companies, is likely to cut up to 20,000 jobs over the next two years, the company's chief executive said on Thursday.
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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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AT&amp;T Corp. said it would restructure its business, cutting 20 percent of its jobs and writing down the value of its network by $11.
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As many as 20,000 jobs in London's financial district are likely to be wiped out due to the financial crisis, a survey showed on Sunday.
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Company plans to cut up to 7000 jobs this year as it transitions to digital technologies.
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Electronic Data Systems Corp. EDS.N  on Monday posted a higher-than-expected profit thanks to cost  cutting, but it forecast 2005 earnings would fall short of  analysts' estimates as it hopes to bring back growth by  investing $1 billion in key areas this year.
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German car maker BMW is set to eliminate "several thousand" jobs next year as part of a cost-cutting plan, a spokesman for the group told AFP on Friday.
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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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SBC Communications, one of the biggest US phone companies, is planning to cut more than 10,000 jobs, or about 6% of its workforce, by the end of next year.
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Pfizer Inc.  said on Tuesday it  would cut its U.S. sales force by about 20 percent, or some  2,200 jobs as part of a comprehensive cost-cutting program.
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No. 1 automaker&#39;s plan may affect 20% of European work force as it aims to save $500Ma year. FRANKFURT  - General Motors, the world&#39;s largest automaker, is expected to unveil a plan this week to cut
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AT&amp;T Corp. Chief Executive Officer David Dorman is accelerating his plan to shed 20 percent of the telephone company&#39;s work force in an effort to reduce costs and stem a slide in profit.
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Morgan Stanley  is cutting about  1,000 jobs in the coming week, part of efforts to trim costs  ahead of what it expects will be a tougher business  environment, a person briefed on the moves said on Thursday.
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Telecommunications gear maker  Alcatel-Lucent  could cut more than 20 percent of its  world-wide staff, L'Expansion weekly said on Tuesday on its  Website, citing industry sources.
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GlaxoSmithKline warns it will cut jobs and close some factories as part of a cost-cutting plan
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US telecoms giant AT& T has announced that it plans to cut its workforce by 20% this year, axing a further 7,000 jobs.
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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.