EDS workers in Europe will not be pensioned off - despite the services giant announcing early retirement for up to 8,000 US staff.
In a bid to cut costs, EDS is offering early retirement to workers over 50, in a move that could affect 11 per cent of its 74,000 strong US workforce.
EDS employs 126,000 worldwide, but only workers in the US will be affected, said an EDS spokesperson. "It only affects the US, no other countries."
Lionel Lamy, senior research analyst at IDC said he believed the reassurances: "In the US they are under threat from IBM. They are not growing as fast as they are in UMEA which is high at 31 per cent per annum. IBM is getting in quickly with its strong brand image."
Lamy believes that EDS might have to recruit people in non-US territories: "They can't afford to lose people. They need to recruit," he said.
Lamy said that EDS aims to do two things: "cut $1 billion from its $17 billion [annual expenses] and increase revenues."
EDS does not know how many employees will accept early retirement or how many will be laid off this year. More layoffs will be announced at the end of the year depending on the number of people who choose the quick exit.
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