EDS to cut more jobs, reduce costs 25 pct in 3 yrs

Newswire

By Wei Gu PLANO, Texas, Jan 27 (Reuters) - Electronic Data Systems Corp. , faced with mounting competition among computer service providers, on Tuesday said it will further cut its workforce and move some operations abroad to slash costs by 25 percent in three years. EDS has suffered in recent years from unprofitable contracts, a cash drain after certain customers filed for bankruptcy, and increasing competition. It has already announced 5,200 job cuts to align costs better with sales. ...

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