The Channel logo

News

By | John Oates 11th April 2005 14:36

Ingram Micro cuts jobs and costs

Cutting $25m a year

Distributor Ingram Micro is looking for annual savings of $25m a year at its North American operation and will offshore some processes and cut jobs to make it happen.

Ingram Micro is making a final decision between two offshoring providers. It expects to have reached a decision by the end of the month.

Transaction processing, support, customer service and some technical support will be moved offshore. The changes will see 550 people lose their jobs. Field sales and management jobs will not be moving.

The disty estimates the changes will cost about $26m. But this should bring in savings of $10m in 2005, rising to $25m a year by the first quarter of 2006.

Ingram Micro Europe did not respond El Reg's phone calls by press time.

More details on Ingram's site here.®

Related stories

Ingram Micro splits CEO and chairman roles
Ingram confident on Q1
Currency effects boost Ingram Q4

alert Send corrections

Opinion

Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world