Cisco Announces Additional Detail on Comprehensive Action Plan

Cisco Announces Additional Detail on Comprehensive Action Plan

SAN JOSE, CA — (Marketwire) — 07/18/11 — Cisco (NASDAQ: CSCO) today announced additional details of its comprehensive action plan to simplify the organization, refine operations, and reduce annual operating expenses.As part of the company-s $1 billion annual operating expense reduction, Cisco will reduce its global workforce across all functions by approximately 6,500 employees, which includes approximately 2,100 employees who elected to participate in a voluntary early retirement program.

Cisco Announces Transfer of Juarez, Mexico Manufacturing Operation to Foxconn

Cisco Announces Transfer of Juarez, Mexico Manufacturing Operation to Foxconn

SAN JOSE, CA and NEW TAIPEI CITY, TAIWAN — (Marketwire) — 07/18/11 — Cisco (NASDAQ: CSCO), the worldwide leader in networking, announced today an agreement with Foxconn Technology Group, the world-s leading electronics manufacturer, for the sale of its manufacturing facility in Juarez, Mexico. The agreement is another step in Cisco-s efforts to streamline operations and supports Foxconn-s commitment to co-locate with customers in order to better meet their end-market needs. The companies wi

1 13 14 15