Dell to close Texas plant to cut costs
- Share via
From Times Wire Services
Dell Inc. said it planned to save $3 billion annually over the next three years by closing its Austin, Texas, desktop computer manufacturing plant and cutting thousands of jobs.
The Round Rock, Texas, company’s shares rose after hours after the announcement. They had risen 1.6% in regular trading.
Dell also repeated its goal of cutting 8,800 jobs, or about 10% of its workforce, and said it would review “ownership alternatives” for its financial services business.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
