Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

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.
Thursday, 13 September 2007 08:05

EDS to turf up to 12,000 employees

Written by David Stellmack

Image

“Early retirement” option offered


 

Electronic Data Systems, a large U.S. technology services company based in Plano, Texas, has announced that it is offering nearly one-fourth of its staff the option of early retirement. 

EDS employs about 136,000 total employees, which includes almost 50,000 in the U.S.  The company indicated it was uncertain how many employees would elect the early retirement option.  EDS has been in a significant cost cutting mode and cut 5,000 jobs in the past year to improve its bottom line. 

The latest announcement from EDS offers employees a very attractive incentive to retire early:  they will receive a benefit equal to five times the annual contributions made to their EDS retirement plan, plus $10,000 from the EDS Retirement Plan as applicable.  Eligible employees have until October 30th to accept the early retirement offer.

Last modified on Thursday, 13 September 2007 10:05

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