Feeds

Packard Bell NEC to cut US workforce by 20 per cent

Cost-cutting measure follows poor year

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Packard Bell NEC has confirmed its intention to axe between 750 and 1000 jobs by the end of the year. However, the company said its European operation will unaffected -- the cuts will be made solely in the US, accounting for up to 20 per cent of the workforce. The decision was made as part of a major effort to cut costs, said a Packard Bell NEC spokesman. "This is a very tough thing to do," he said. "But as a company, it's the right thing to do." The cuts come after a difficult 18 months for Packard Bell, a period that has seen the resignation of founder Beny Alagem, NEC taking control of the company and merging it with its own operations, and a collapse in US marketshare from 20.4 per cent in August 1997 to 9.1 per cent for the same month this year. The news also follows the company's decision to pay $3.5 million to settle a lawsuit filed against it by the US government (see Packard Bell NEC settles whistleblower suit). ® Click for more stories

Remote control for virtualized desktops

More from The Register

next story
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
prev story

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.