Unisys to cut 1,300 jobs
Tuesday, 23.12.2008, 11:17am (GMT)
Washington, Dec 23 US-based IT consulting and solutions major Unisys Corp has announced that it will cut around 1,300 jobs globally as part of the company's cost-cutting measures.
Unisys is exploring a wide range of cost-reduction options “to reduce its annual cost structure by more than $225 million”, a company statement said Monday.
“The headcount reductions have begun and will continue into 2009,” it added.
Besides job cuts, Unisys also plans to forgo 2009 salary increases and slash third-party expenses.
“The cost-reduction actions are part of an overall program, led by new Unisys Chairman and CEO Ed Coleman, to simplify the company's business structure, concentrate its resources more effectively, and drive improved market success and profitability,” the statement added.
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