Dell to close Texas plant to cut costs
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.
