Novell to Cut 600 Jobs in Restructuring
An AP newswire article, via Yahoo! News, reports that:
Business software maker Novell Inc. will cut about 600 positions, or more than 10 percent of its work force, by January as part of its restructuring efforts to concentrate on core strategic areas such as the Linux and open-source markets.
As the company puts more focus on its core businesses, Novell's board authorized management and its financial adviser to explore strategic options for Celerant, Novell's consulting unit. The company has previously said that it intends to separate Celerant from Novell when market and other conditions are appropriate.
In a press release Wednesday, Novell said it expects to book a restructuring charge of $30 million to $35 million in its fiscal fourth quarter ended Oct. 31.
posted by Fergie @ 11/03/2005 06:23:00 AM
0 Comments:
Post a Comment
<< Home