TITLE

Xerox Beats Estimates, Plans Job Cuts

AUTHOR(S)
Sadighi, Lalee
PUB. DATE
October 2008
SOURCE
Red Herring;10/23/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article announces the plan of printer and copier maker Xerox to cut 3,000 jobs over the next six months on a worldwide basis. It states that the cuts represent nearly 5 percent of the company's global work force, which counts over 57,000 employees. Xerox employees in the U.S. will be offered voluntary leave packages, such as 1.5 weeks of pay for every year of service. It talks about the financial performance of Xerox in the third quarter of 2008.
ACCESSION #
36603053

 

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