Looks like deja vu all over again at CA Inc.
After the stock market closed for the weekend Friday afternoon, CA reported in a regulatory filing plans to eliminate 400 more jobs than planned as part of a restructuring program launched in fiscal 2007, and take an additional $75 million to $100 million in charges tied to the job cuts and consolidation of global facilities.
The original August 2006 restructuring called for 1,700 job cuts, at a cost of $200 million. But in its third-quarter report filed in February, CA quietly increased that number to 2,400. CA spokesman Dan Kaferle said the move was part of a plan to improve the company's expense structure and "increase our competitiveness."
Citing a quiet period in advance of a fourth quarter earnings release, he declined to say which regions, or job titles, would be impacted by the cuts, or specifically why they were needed now.
Showing posts with label lay off. Show all posts
Showing posts with label lay off. Show all posts
Thursday
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