Area Company To Slash 800 Jobs (Diebold-OH)

[OhioChick]

Source: AP

POSTED: 11:24 am EST February 6, 2008
UPDATED: 12:59 pm EST February 6, 2008

NORTH CANTON, Ohio -- North Canton-based Diebold said Wednesday it plans to cut about 800 jobs, or about 5 percent of its global work force.

That cost cutting is tied to deteriorating credit markets within the U.S. banking industry.

The company noted hard times for banks that may result in reduced capital investment in branch construction.

Diebold is a maker of ATMs, business security systems and voting machines.

It expects to make cuts in North America, Brazil and western Europe, with about 50 at or near its Ohio headquarters.

Diebold meanwhile released estimates of delayed revenue totals. But its long delayed revenue and earnings financial reports have yet to be released.

Read more: http://www.newsnet5.com/news/15233033/detail.html

[davidinalameda]

1. that sucks for the workers

but it's pretty good for voters

[Extend a Hand]

2. poor ohio

The (ohio) company I work for is laying off too :(
Our jobs are going to India.

[ursi]

3. expect to see more of this over the next several months ...

[theredpen]

4. The politicians their broken machines helped elect...

...not doing so well for the economy, huh?

As usual, the workers take the fall.

[CaliforniaPeggy]

5. It couldn't happen to a more worthy company...

I am sorry for its workers, though...

They always get the short end of the stick...

[Phred42]

6. Sorry about the People and Jobs - Phuck Diebold!

[Torn_Scorned_Ignored]

7. They don't need that many workers

they can steal an election with a handful + Blackwell.