XEROX COPES WITH RECESSION ….LAYOFFS POSSIBLE

  • cartridgewebsite-com-big-banner-02-09-07-2016
  • Print
  • 4toner4
  • ink-direct-banner-902-x-177-v-1-2-big-banner-03-23-2017
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • banner-01-26-17b
  • 2toner1-2
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • futor_902x177v7-tonernew
  • 161213_banner_futorag_902x177px
Share

XEROX COPES WITH RECESSION ….LAYOFFS POSSIBLE

 user 2009-01-12 at 3:42:57 pm Views: 64
  • #21200
    http://www.13wham.com/news/local/story/Xerox-Copes-With-Recession-Layoffs-Possible/WrpMXNxUHUGnw5h6-KfiEA.cspx
    Xerox Copes With Recession; Layoffs Possible
    (Rochester,
    N.Y.) – In October Xerox posted a profitable third quarter but
    announced 3,000 job cuts in anticipation of the economy.President
    Ursula Burns calls this a pretty tough time for Xerox – -but not a
    disastrous time.Xerox was one of the first companies to recognize the
    slumping economy and take steps to deal with it.The company has offered
    separation packages seeking to trim roughly 5.2 percent of its
    employees worldwide. If not enough people step forward to reach that
    goal, some will face layoffs.

    Five percent of the Rochester workforce is roughly 400 jobs.
    Some
    of those layoffs could come before fourth quarter earnings are
    announced later this month.Xerox is also reducing its costs by $400
    million.  The company is consolidating manufacturing and other real
    estate.

    In December it moved 200 workers from Linden Oaks
    Office Park back to Xerox Square downtown ad part of shedding space it
    leases and moving employees to space it owns.Burns said they
    anticipated the global downturn very early on, and these cuts already
    deal with that into consideration.  The company has large cash
    reserves.CEO Ann Mulcahy is predicting double digit growth in 2009.