Troubled hardware and services company Unisys has announced a restructuring plan that includes an extra 1250 staff cuts worldwide, the exiting of several businesses, and the signing of an alliance with two UK banks.
Unisys said it plans to reduce its 36,000-strong global workforce by a further 1250 by the end of the year. The figure is in addition to the 750 people who took the company's US-only early retirement scheme announced in October, which was offered to 1500 people.
Unisys has announced plans to move away from reselling low-margin third-party commodity products, such as networking tools, through a deal with global distributor Ingram Micro, which will begin to take customer orders directly.
US customers will be affected initially and the company expects to roll out the scheme to other countries in the future.
As part of its effort to concentrate on key industries such as finance, Unisys plans to launch a payment processing organisation with Barclays Bank and Lloyds TSB.
Called Intelligent Processing Solutions (iPSL), the banks will each hold 24.5 per cent of the alliance, and Unisys will control 51 per cent. Unisys will provide cheque clearing services as well as offer image archiving.
The company has also extended its recently announced original equipment manufacturer deal with Dell to include PCs and services, as well as servers.
Unisys has signed a letter of intent to rebadge Dell's mid-range PowerEdge servers and will become the PC giant's preferred services provider, while Dell will resell Unisys's cellular multiprocessing enterprise systems.
Unisys is also exploring strategic alternatives for its US federal systems unit, including the possible sale of the government computer services business.
The latest restructuring follows last October's announcement that Unisys would trim its US headcount by 1500 through early retirement and cut the number of so-called industry-specific repeatable solutions in half.
The majority of the components that make up the packages are based on standard Unisys technology, hence the 'repeatable' element, but about 25 per cent is specially designed for each customer.
Although Unisys will cut the number of packages from 30 to 15, the company plans to continue targeting its focused industries - finance, telecoms, publishing and transportation.
"We are becoming more focused and are eliminating factors that kept us from performing optimally," said a spokesman.
US startups plan to modify existing jet engines, but are likely to fall foul of environmental legislation
The Brexit white paper "gets pretty close" to company desires, but there's still work to do
Children as young as four to be taught about the dangers of social media
Bans already issued to hundreds of players who used offensive language