Xerox fired 2500 workers. Xerox Corp. plans to cut approximately 2500 employees, or five percent of the workforce. This is done to cut costs that are always moving and aims to save USD200 million per year. Cheez Business Finance.
Reporting from the AFP, Friday (22/1/2010), Xerox has 53,600 employees as of the end of December, 3500 has cut its workers that began in late 2008. Xerox stock trading was trading 4.27 percent higher, or equivalent USD9, 27 dollars on Wall Street.
Xerox announced by CEO Ursula Burns, before he made a presentation on fourth quarter performance of the copier company. Burns said that if the majority of job losses will be in Europe, but he would not give figures. Read the rest of this entry »
January 22nd, 2010
