Eds Has Small Loss, Cuts 2,500 More Jobs

[radfringe]

Eds Has Small Loss, Cuts 2,500 More Jobs
Reuters
Wednesday, October 29, 2003; 8:21 PM
By Wei Gu

NEW YORK (Reuters) - Electronic Data Systems Corp. , the No. 2 computer services company, on Wednesday posted a small third-quarter loss and said it will cut 2,500 more jobs than it had planned.

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EDS has been trying to align costs with the weak pricing it has faced. The job cuts, which will total 5,200 by the end of 2004, would save $330 million to $360 million, EDS said. It took a $159 million charge related to restructuring in the third quarter.

[SoCalDem]

1. eeek.. my son works for eds,,

they have a very expensive house.. send positive thoughts please !!

he's kind of "up there" in management, so I hope he will not be one of the 5,200....:scared:

[0007]

2. Telecommunications will bring 700 new jobs to Odessa Texas

Which means it bring twelve million dollars payroll to town.

This is junior country.