The company has incurred nearly $1.5 billion in charges since 2002, eliminating one fourth of its workforce and closing facilities. The firm recently announced another 5,000 job cuts and more facility closures, with the goal of delivering a 4% operating margin by the end of fiscal 2007.
Old overlooked rule of business: make hay while the ‘sun’ shines but not untenable expenses.
[Click here for full story at: BUSINESSWEEK.COM]
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