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CNET News: Novell Plans European Layoffs

Aug 03, 2005, 14:30 (0 Talkback[s])
(Other stories by Stephen Shankland)

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"Novell plans to lay off 120 to 150 employees in Europe as part of a restructuring plan disclosed in a regulatory filing.

"The layoffs will take place by the end of October and cost $10 million to $12 million, primarily in severance costs, the company said in a filing Monday with the Securities and Exchange Commission. However, it will cut Novell's expenses by about $3 million to $4 million per quarter during a time when the Waltham, Mass.-based company is trying to return to profitability..."

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