*NEWS*INGRAM-MICRO CUTS 550 JOBS

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*NEWS*INGRAM-MICRO CUTS 550 JOBS

 user 2005-05-18 at 11:20:00 am Views: 69
  • #9515
    I.M. move to cut 550 jobs
     May 05
    ingram
    micro (IM) is cutting some 550 jobs as part of
    a restructuring and consolidation process that it expects will generate savings
    of about $10 million in 2005, and annualised savings of $25 million from 2006.

    A key component of the restructuring plan, which is anticipated to cost
    about $26 million on a pre-tax basis, is an outsourcing agreement that will move
    services and support functions outside North America where it costs less to do
    business.
    As many as 550 jobs, or 20 per cent, will go from the
    company’s north American operations, the company said. The outsourcing will
    affect positions primarily in customer service and vendor management. Field
    sales and management positions will not be affected, it added.
    Keith
    Bradley, president of IM’s north American business, said: “We will gain
    efficiencies and greater flexibility in our cost structure while maintaining a
    strong focus on developing innovative services and solutions that benefit our
    customers and vendor partners. This plan supports our key business objectives
    and helps us deliver our expected operating income targets.”