EMC Adds 100 Job Cuts to Restructuring Plan
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.