Packard Bell Plans Massive Layoffs.
Published:
16 November 1999 y., Tuesday
Packard Bell NEC announced a massive restructuring that will result in layoffs of as much as 80 percent of the company_s workforce and the end of the Packard Bell consumer brand on U.S. retail shelves. In addition, chief executive Alain Couder, brought in to attempt a turnaround, will be stepping down once the restructuring is complete, said Ron Fuchs, a company spokesman:
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