Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 13 September 2007 08:05

EDS to turf up to 12,000 employees

Written by David Stellmack

Image

“Early retirement” option offered


 

Electronic Data Systems, a large U.S. technology services company based in Plano, Texas, has announced that it is offering nearly one-fourth of its staff the option of early retirement. 

EDS employs about 136,000 total employees, which includes almost 50,000 in the U.S.  The company indicated it was uncertain how many employees would elect the early retirement option.  EDS has been in a significant cost cutting mode and cut 5,000 jobs in the past year to improve its bottom line. 

The latest announcement from EDS offers employees a very attractive incentive to retire early:  they will receive a benefit equal to five times the annual contributions made to their EDS retirement plan, plus $10,000 from the EDS Retirement Plan as applicable.  Eligible employees have until October 30th to accept the early retirement offer.

Last modified on Thursday, 13 September 2007 10:05

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments