Unisys cutting 950 jobs
Unisys Corp. said yesterday that it's cutting 950 jobs as the beleaguered information-technology consultant migrates to a lower-cost workforce overseas. The layoffs, mainly in the U.S. and United Kingdom, are in addition to the Blue Bell-based company's job cuts of 5,600 announced last year. The two layoffs make up nearly a fifth of Unisys' workforce, which was about 36,000 worldwide before the cuts.
Unisys Corp. said yesterday that it's cutting 950 jobs as the beleaguered information-technology consultant migrates to a lower-cost workforce overseas.
The layoffs, mainly in the U.S. and United Kingdom, are in addition to the Blue Bell-based company's job cuts of 5,600 announced last year. The two layoffs make up nearly a fifth of Unisys' workforce, which was about 36,000 worldwide before the cuts.
Unisys took a charge of $32.7 million before taxes related to the 950 job cuts.
The company also expects to take a $35 million charge in the second quarter stemming from consolidations and layoffs, mainly in Europe.
Unisys said its restructuring actions in 2006 and the first-quarter of this year should save more than $340 million by the second half of 2007.
Shares of Unisys fell 9 cents to close at $8.83 yesterday. *