Java Industry News
Sun To Cut 3,000 Jobs, Blames EC
It could just be playing hardball with the EC
By: Maureen O'Gara
Oct. 21, 2009 07:00 AM
Mergers & Acquisitions on Ulitzer
It could be playing hardball with the EC, which some think has an interim deadline this week to decide how much longer its investigation is going to take. It could take until we’re deep into January.
In an SEC filing Sun said its board had approved the plan “to better align the company’s resources with its strategic business objectives.”
Sun expects to incur total charges of $75 - 125 million over the next several quarters, most likely the December and March quarters, in connection with the restructuring, most of which relates to severance costs.
Reader Feedback: Page 1 of 1
Latest AJAXWorld RIA Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week