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July 3, 1990

MORE JOB CUTS ON THE WAY AT DEC

By CBR Staff Writer

DEC’s elimination of 2,700 jobs since autumn has not been sufficient to get its cost base down to an acceptable level, and more severance incentives are on the way, according to the Boston Globe. The company told the paper that costs were still running too high, despite two years of tight expense controls, and it agreed that more cuts were needed. Those numbers are being calculated, the jobs are being identified. And we will know quite soon, the company said, adding that the guiding principle was When you know it has to be done, do it fast.

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