Xerox fired 2500 workers

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.

In addition, he said that if this restructuring program will cost USD280 million this year, in which $ 30 million related to acquisition programs Xerox for $ 6, $ 4 billion by Affiliated Computer Services (ACS), a diversified company in the world’s largest outsourcing.

Burns said that if his side can complete the acquisition of ACS in the next month. “Once completed, Xerox will become a world leader in business process and document management,” he said.

For information, Xerox booked net profit rose to USD180 million in the fourth quarter, this figure rose from $ 1 million compared to the same period last year. As for revenues fell three percent to $ 4, 22 billion, better than Wall Street analysts predicted earlier for $ 3, 92 billion.

“We deliver a stronger performance in this difficult year, with a solid operational results that reflect our disciplined approach to making money and reducing costs,” Burns said in a statement.

He added, during the fourth quarter it had seen signs of improvement in several areas, including developing countries. Burns also very confident with the global competitive position is getting stronger.

“However, we believe revenues will continue to be under pressure until there is economic recovery more sustainable. To help offset these challenges, we focus on fixed costs and management costs and the size of our business to better match the level of current income,” he added.