Unisys to lay off 1,300 in cost-cutting moveBy Dan Gallagher
Last update: 7:09 p.m. EST Dec. 22, 2008
SAN FRANCISCO (
MarketWatch) -- Unisys Corp. said Monday evening that it plans to take "agressive actions" to reduce costs, which will include laying off about 1,300 workers. In a statement, the IT services company said it will also seek reductions in third-party expenses, facility consolidations and a suspension of company matching contributions to the U.S. 401(k) plan. The company also said it will forgo 2009 salary increases in most of its markets. Unisys said it will take a restructuring charge of $80 million to $85 million in the fourth quarter as a result of the cost reductions.
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