Unisys Plans 1,800 Job Cuts

Unisys shares were down as much as 8 percent in early trading after the Blue Bell-based computer service company’s chief executive, Peter Altabef, told investors sales were down 5 percent in the past three months, due largely to weaker foreign revenues as the U.S. dollar strengthened.

The company plans an 8 percent “worldwide” reduction in its workforce, which totalled 23,000 last year. Severance and restructuring will cost $300 million, resulting in $200 million in yearly savings, the company added.

Read more at http://www.philly.com/philly/blogs/inq-phillydeals/Unisys-plans-2000-job-cuts.html#Tv2iHY82ZSyg8f73.99

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