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

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs