EDS to close some U.S. work centers (and shift some of the work to India)

[rainbow4321]

http://www.mysanantonio.com/sharedcontent/APStories/stories/D88DQBS01.html


Electronic Data Systems Corp. will close 21 software applications centers in the United States and Europe by the end of 2006 and shift some of the work to India to cut costs, executives said Tuesday.

EDS officials declined to put a number on the jobs affected by closing more than one-third of their applications centers, which average about 500 workers.

The closures are part of chairman and chief executive Michael H. Jordan's strategy to eliminate 15,000 to 20,000 jobs. EDS has about 120,000 employees

The spokesman, Terry Balluck, said EDS had not decided which centers to close or how many workers would be laid off. He said the company would rely as much as possible on attrition, and he said the moves were part of the job cuts that chairman and chief executive Michael H. Jordan suggested last fall. "There will be some reductions if need be, but employees we would like to keep could be redeployed to other centers or even work from home," Balluck said. He said centers ranged from 100 to 1,000 employees.

[kurtyboy]

1. Wasn't EDS Ross Perot's baby back in the day?

This seems to be the giant sucking sound he talked about, albeit in a different direction....

[napi21]

2. yep! That was Ross Perot's company, but he sold it.

I don't know what has happened to him. I guess he's getting too old to be an activist. I'm sure Ross is really pissed about this. Even though he can't control that company anymore, he must realize that the name will always be associated with him.

[rainbow4321]

4. Long DMN article about him

from a few weeks ago...

http://www.dallasnews.com/s/dws/bus/stories/012305dnbusperotlede.24f26.html


At 74, Ross Perot seems a man content. But don't call him that.

"Contented people sit around all day thinking everything's OK," Mr. Perot says. "I'm active. I'd describe myself as happy."Mr. Perot does what he wants whenever he wants. For some, this would lead to self-indulgence. But this legendary Texarkana native still gives his all to family, business and country.

"I've got a lot of different things going on," he said recently in a rare interview, breaking a silence he has largely maintained since the mid-'90s. "Most people think that life is a neat organizational chart. In my experience, it's a spider web. Things happen in odd ways."

The founder and chairman emeritus of Perot Systems Corp. and two-time presidential candidate spends his days at the office wrestling with company issues that work their way up to his executive suite.
"If you have great people, the only time you see a problem is when it's a pretty good-sized problem," he said in his office at Perot Systems.

This self-made multibillionaire has plenty of outside interests. He's funding a microscopic integrated circuit that will travel through the blood system to discover cancers and other diseases in their earliest stages.

[pdurod1]

5. Here's that sucking sound...

http://www.perotsystems.com/India/businessprocesssolutions.htm

[rainbow4321]

3. Dallas Morning News paints a different picture...spin...spin...spin

Not a single word on job losses/outsourcing from the Dallas Whoring News right wing rag.

This is an article from today...and that large sucking sound is yet another blow to Plano/North Texas economy. The headquarters is here in the heart of repukeville, Collin County. Ya think they will all peel off the "W" stickers for a keepsake when their SUV's and Humvees get repo'd?

http://www.dallasnews.com/sharedcontent/dws/bus/stories/022205dnbuseds.d322c0f2.html


EDS: Healthy, vibrant by 2007

In the year 2007, Electronic Data Systems Corp. will be a healthy, vibrant company again, according to figures executives showed Wall Street analysts Tuesday.

They envisioned a company generating more than $1 billion in free cash flow per year, with contract bookings of more than $20 billion. Last year, EDS had free cash flow of $300 million and bookings of $16.5 billion.

Thumbnail sketch of EDS and its recent financial results:

History: Founded in 1962 by H. Ross Perot, a former IBM salesman. Sold shares to the public in 1968. In 1984, bought by General Motors Corp., which spun it off in 1996.
Employees: About 120,000
Headquarters: Plano, Texas
Chairman and chief executive: Michael H. Jordan, 68, retired chairman and CEO of CBS