Financial Times FT.com

EDS offers early retirement to 12,000

By Richard Waters in San Francisco

Published: September 12 2007 20:13 | Last updated: September 12 2007 20:13

Electronic Data Systems has offered early retirement to nearly a quarter of its US workforce as it continues a push to shift work to lower-cost countries.

The Texas-based IT services company described the move as part of a continuing global reshuffling of its workforce, rather than an attempt to cut costs by reducing headcount.

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