Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Unisys cutting 1,300 jobs

Posted: December 24th, 2008 | Author: | Filed under: By Location, USA | No Comments »

The Blue Bell, Pa.,based Unisys said it intended to cut about 1,300 jobs worldwide through 2009. The company also said it would be suspending matching 401(k) contributions, which it said were costing $50 million a year, and forgoing 2009 salary increases.

Unisys said it had already begun cutting jobs.

From CNN Money

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