Digital Equipment Corp has turned to IBM Corp for another top executive, this time tapping Italian Vincenzo Damiani to become the new president of its European group: Damiani was general manager of European marketing and services at IBM and moves to Digital Equipment Corp International (Europe) headquarters in Geneva; he has a reputation as a cost-cutter not afraid of firing surplus people, and told the Wall Street Journal, he is already is bolting together a step-by-step 10-point plan intended to fix DEC’s business in Europe, which produces about half the company’s worldwide sales, and admits that it may include cutting even more jobs from DEC’s 30,000-strong European workforce than already planned – 3,000 jobs were to go in Europe for the fiscal year that began on July 4, on top of 5,000 already gone; he aims to announce his decision within 60 to 90 days to get the bloodletting done and to restore morale.
