Unisys to cut 3000 jobs

Monday, 22 October, 2001

Unisys has just disclosed plans to cut 3000 jobs as it reported that its earnings slumped 50% in the last quarter.

Larry Weinbach, chairman and chief executive, said that following the September 11 terrorist attacks, customers in the airline, travel, financial services, and communications industries delayed planned information technology purchases.

The company plans to use early retirement incentives in reducing its employee count. It has 37,000 workers.

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