Unisys Corp. Blames Cutbacks For Loss
Unisys Corp. reported a fourth quarter net loss of $52.3 million and blamed it on a previously announced $186.2 million pre-tax charge for the cost of eliminating more than 4,000 jobs. The cutbacks are expected to create annual savings of more than $200 million. For 1994, Unisys earned $100.5...
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