Sun Microsystems will dismiss 3 thousand employees
By admin at 21 October, 2009, 4:27 pm
One of the largest U.S. companies specializing in the production of hardware and software, plans to dismiss 10% of staff (about 3 thousand employees), transmits Associated Press.
Such intentions relate to the expected merger with Oracle Corp. However, until the conclusion of the transaction at issue: the European Union antitrust authorities still have not given permission.
As the leadership of Sun Microsystems, staff reductions will take place during 2010 and will affect the company's subsidiaries in North America, Europe and Asia. Dismissal of employees, according to preliminary data, will cost Sun Microsystems in the 75-125 million, which the company will spend on compensation for termination of contracts. Over the past three years the company has already laid off 7,6 thousand employees.
note that the amount of the transaction between Oracle and Sun Microsystems are estimated at U.S. $ 7.4 billion agreement between the parties concerning the merger was reached in late April this year Yesterday, the deal was approved by the U.S. Department of Justice. The final decision should take the European Commission, which began antitrust investigation buying Sun Microsystems. According to the European regulator, the merger of these companies will raise prices and limit competition in the market database management systems.
Sun Microsystems is one of the world's largest manufacturers of servers and workstations. Sun also known as a developer of operating systems, Java platform and project participant OpenOffice.org. Oracle - developer of database management systems, tools for database development and also ERP-systems.
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