Tuesday 26 September 2017

Staff at Dell face more cuts as firm plans to save €1.6bn

Peter Flanagan

Peter Flanagan

STAFF at the Irish operations of computing giant Dell are facing the prospect of more cuts after the multinational said it plans to make up to $2bn (€1.6bn) in savings over the next three years.

The company, which employs more than 2,000 people in Limerick and in Cherrywood in Dublin, said it would focus the business on data centres as well as software and services in the future. At a meeting in Texas, chief executive Michael Dell said costs could be trimmed from sales and supply-chain management.

Dell's Irish business was hit with more than 2,000 job losses in 2009.

News of Dell's plans for cost savings came as it announced proposals for a dividend for the first time in several years. It will pay a dividend of 32c per share, after free cash flow hit an enormous $2.25 per share.

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