Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

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.
Tuesday, 01 April 2008 07:08

Dell announces closure of its Austin, Texas plant

Written by David Stellmack

Image

Drastic cost cutting measures

In a surprise announcement, Dell Inc. announced on Monday that it will close its desktop manufacturing plant in Austin, Texas, as well as cut costs in the areas of design, manufacturing, materials, manufacturing and operating expenses.

Dell said that its Austin, Texas desktop computer plant with 900 workers would close, as part of a broader plan to cut expenses by $3 billion annually within the next three years. Dell Inc. also reaffirmed its plan announced last year to cut at least 8,800 jobs, or approximately 10 percent of its work force.

Dell has already eliminated 3,200 of the targeted jobs in the last nine months of its fiscal 2008. According to a Dell spokesman, the Austin plant jobs will be eliminated in phases, while production will continue through Dell's fiscal fourth quarter.

This announcement comes after Dell bought out the final stake of its financing business from CIT Group, Inc. CIT Group is facing huge losses due to the credit market crunch/financial crash and faces the possibility of going under as a company. 

Dell also said it was reviewing "ownership alternatives" for its financing business, which extends credit to consumers and small and medium businesses through credit financing so that they can purchase Dell products.

Last modified on Tuesday, 01 April 2008 09:33

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