Dell Plans To Save Up To $3B, Will Close Austin Desktop Plant

By: AP
By: AP


NEW YORK (AP) - Dell says it will save as much as $3 billion
over the next three years as it cuts costs and lays off more
workers.
The world's No. 2 computer maker said Monday it will close its
desktop manufacturing facility in Austin, Texas.
Round Rock, Texas-based Dell Inc. is also reaffirming its plan -
announced last year - to cut at least 8,800 jobs, or about 10
percent of its work force. In the last nine months of fiscal 2008,
the Round Rock, Texas-based company cut 3,200 jobs.
The company plans a broad range of cost cuts in design,
manufacturing and logistics, materials and operating expenses to
stay competitive.
Dell is also reviewing alternatives for its financial services
business, especially its consumer and small to medium business
revolving credit financing receivables.
Shares of Dell rose 31 cents to close at $19.92. They added
another 28 cents to $20.20 in aftermarket activity.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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