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July 31, 1988

CDC CONSIDERS LAYOFFS OR PLANT CLOSURE

By CBR Staff Writer

Control Data Corp has now turned decisively bearish on its computer group, which covers both the Cyber mainframes and the Eta Systems supercomputers: it says that following the one week of unpaid leave this month at five plants, it will decide by the end of the month on the need for spending freezes, lay-offs or even plant closures in the division – it is not certain that cuts will be needed, but there are no sacred cows the company, told Reuters; sales at the computer systems and services unit looks like coming in 10% to 15% below plan, and while the company would give no indication of the planned figure, it said that the unit did about $325m a quarter last year – that’s $1,300m.

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