Dell to cut more jobs, close plant

Dell Inc. is committed to reducing costs and will cut more jobs than the 8,800 previously announced in a bid to make the world’s second biggest computer maker more competitive, founder and CEO Michael Dell said Thursday.

At the first full analyst meeting since 2005, Dell addressed the ongoing turnaround of the computer company, which was eclipsed as the world’s largest PC maker in 2006 by Hewlett-Packard Co.

“We have identified a very significant opportunity here and are aggressively going after it,” Dell said. “To be very clear, we are not satisfied with the current state of affairs and we are on a mission to address this.”

Dell aims to cut $3 billion over the next several years to boost profits.

Last year, the company announced plans to cut 8,800 jobs, or 10 percent of its work force. The company this week announced plans to cut 900 jobs in the Austin area by closing a plant. (link)

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