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EMC Adds 100 Job Cuts to Restructuring Plan

Reuters
Friday, 5 Jan 2007 | 5:12 PM ET

EMC , the world's biggest data storage maker, said on Friday it plans to cut 1,350 jobs, 100 more than the company announced in October, and will post a pretax charge of $175 million.

EMC said it expects the employees to leave by the end of 2007. The company also sees about $30 million of write-offs of assets from which it no longer expects to derive any benefits.

EMC in October had announced a realignment that would result in the departure of about 1,250 employees and a fourth-quarter pretax charge of $150 million to $175 million, or 6 cents a share.

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