EDS cutting 4,600 jobs through early retirement, taking US$150M ...
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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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Early retirement for 12,000 US staff EDS is offering a quarter of its US staff early retirement as it seeks to move more and more of its operations to cheaper territories.â¦
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Morgan Stanley  will slash more than 1,000 jobs in the coming week, trimming 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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International Business Machines  Corp.  said it laid off about 1,570 employees on  Wednesday in its computer services business in the United  States, part of a plan to trim costs in the unit.
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National Semiconductor Corp.  NSM.N on Thursday said it would cut about 6 percent of its  work force to reduce costs amid a chip supply glut, and will  book severance charges of between $22 million and $26 million.
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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 up to 20,000 jobs over  the next two years to regain its competitiveness.
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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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Network gear maker Enterasys Networks  Inc. ETS.N on Friday said it would cut about 115 jobs and  said expects to record severance charges of $3.5 million to  $3.8 million.
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SHOWER OF PINK SLIPS: U.S. employers cut jobs last month for the first time in more than four years, the starkest signal yet that the economy is grinding to a halt if it hasn't already toppled into recession. Employers cut jobs by 17,000.
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Electronic Data Systems' early-retirement plan aims to save hundreds of millions of dollars, but saying goodbye to veteran employees could be hard on the firm.
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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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&gt;lines 0,0,1000,993,1000 Computer Associates International announced a restructuring plan Wednesday that would reduce its global work force by 800 people, saving the software maker $70 million annually once the plan is implemented.
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Unisys Corp. plans to cut 1,400 jobs, or nearly 4 percent of its work force, and consolidate some facility space, moves that will help yield annualized savings of about $70 million a year by 2005.
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MELBOURNE: Coles Myer Ltd, Australia&#39;s biggest retailer, said yesterday it would hand over its payroll and human resources administration to EDS Australia late next year, affecting 120 jobs.
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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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Cardinal Health Inc. said it will cut 4,200 jobs as part of a three-year restructuring plan aimed at boosting annual earnings by $500 million.
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IMS Health Inc  said on Friday it will cut 10 percent of its work force, or about 1,050 jobs, as part of a cost-cutting plan and take a pretax charge of $86 million to $90 million in the fourth quarter of 2007.