Wednesday April 09, 2008

Dell to save $3 billion, shut Austin plant, cut 8800 jobs

Dell Inc said on Monday [31 Mar 2008] it plans to save $3 billion annually over the next three years by closing its Austin, Texas desktop computer manufacturing plant and cutting thousands of jobs. Dell, the world's second-largest PC maker after Hewlett-Packard, also repeated its goal of cutting 8,800 jobs, or about 10% of the work force, and said it will review "ownership alternatives" for its Dell Financial Services business. The company said it had already eliminated 3,200 of the targeted jobs. The company also said it would reduce costs in design, manufacturing and logistics, materials and operating expenses.

- Dell had already indicated last year [Jun 2007] that they would chop 8800 jobs this year. At least they are consistent about the size and timing of their mass layoffs. With a recession looming, or we are arguably in one already, it looks like another mass layoff wave is coming as companies continue to shed thousands of jobs, especially in the financial sector.

See also :

1. Dell to lay off 8800 (10%) of workforce

(2008-04-09 12:34:22 SGT) [Biz] Permalink

Most popular blog postings on lowem.log :

1. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Honda Civic Hybrid preliminary specifications released
4. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
5. How to insert currency exchange rates into Google Spreadsheets
6. Singapore : Nuclear power not ruled out
7. Live spot gold price quotes chart on COMEX
8. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option

Featured articles on lowem.log :

1. 2010 Honda Civic Hybrid preliminary specifications released
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
4. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
5. New efficient nanotech materials may boost enhanced geothermal power systems
6. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
7. Singapore property market recovery seen as private home sales surge 52% in Jul 2009
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004