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July 5, 1993

BULL TO CUT ANOTHER 6,500 JOBS BY THE END OF 1994

By CBR Staff Writer

Compagnie des Machines Bull SA was yesterday putting before its works council a plan to cut some 6,500 jobs from the group’s worldwide workforce of some 35,200, including the 3,000 reductialready announced for this year. The job reductions will be spread over 1993 and 1994. Bull’s personnel director, Herve Hannebique, said that the company has the prospect of achieving breakeven at the group net level in 1995. These red uctions form part of the acceleration of our effort to reduce costs, which has in perspective a group net breakeven in 1995, Hanne bique said, adding that costs will also be shaved in property, purchasing and information systems. The government wants Bull to come up with credible plans to stem losses as a prelude to its recapitalisation.

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