Dell announces site closure
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Manufacturing News, Source : The Manufacturer US
Published : 01 Apr 2008 12:12
Dell is to close its PC manufacturing plant in Austin, Texas, with 900 workers set to lose their jobs.
The company, which has never closed a production site in its 24 years of operation, made the decision in order to cut its operating costs by $3 billion annually, therefore boosting profit margins.
There is also suggestion that the firm will consider selling part of its financial services division in the near future.
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