1987-08-24, English, Article, Journal or magazine article edition: Priam melds System Div., Mktg.; cuts 145. (Priam layoff and reorganization) Detar, Jim

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Physical Description
  • Magazine/​Journal article
Published
  • Reed Business Information, Inc. (US), 1987 August 24
Language
  • English

Edition details

Title
  • Priam melds System Div., Mktg.; cuts 145. (Priam layoff and reorganization)
Also Titled
  • Priam melds System Div., Mktg.; cuts 145.
Appears In
  • Electronic News, v33, no.n1669, 1987 August 24, p20(1) (ISSN: 0013-4937)
Author
  • Detar, Jim
Published
  • Reed Business Information, Inc. (US), 1987 August 24
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • Trade
Summary
  • Priam Corp realignment moves includes folding is Systems division into its general sales and marketing organization, and layoff of 145 or eight percent of its 1,100 employee workforce. Priam confirms that shrinking profits caused Priam to reabsorb its Systems Division, which was formed in 1984 to handle sales of disk and tape subsystems. The layoff is part of an effort to return to profitability in the aftermath of a $2.8 million 4th qtr loss. Officials said the layoff is caused by plans to move some of its 5.25 Winchester production to Taiwan. The company will also move some 380Mbyte Winchester production in 1988. The company has set aside a $30 million restructuring reserve that will provide severance pay and outplacement assistance to affected employees, so Priam will not take a first quarter write-off for the layoffs. Priam posted a $2.8 million 4th qtr loss on sales of $35.1 million.
Language
  • English
Database
  • Gale Academic OneFile
  • Gale General OneFile
  • Gale Expanded Academic
Identifier
  • 5271163

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Charles Sturt University. CSU Library - Electronic Resources (shared). Open to the public 001487612; Full Text Available; Gale Cengage Expanded Academic ASAP - Available from 1983 until 1990 Periodical; Journal, magazine, other English
Edith Cowan University. Edith Cowan University Library. Open to the public Periodical; Journal, magazine, other English
Griffith University. Griffith University Library. Open to the public .b14692065; Electronic Resource : Publ. may restrict Doc. Del. Periodical; Journal, magazine, other English
National Library of Australia. Open to the public 756421; Sf 338.47621381 ELE; Vol. 13, no. 645-v. 36, no. 1830 Aug. 6, 1956-Oct. 8, 1990 [Imperfect] Periodical; Journal, magazine, other English
Southern Cross University. University Library Lismore. Open to the public Electronic resource - Check catalogue for holdings Periodical; Journal, magazine, other English
State Library of NSW. Open to the public R NF621.38105/1; Vol. 19, no. 978 (3 June 1974)-v. 29, no. 1465 (3 Oct. 1983) Periodical; Journal, magazine, other English
Western Sydney University. Penrith Campus Library. Open to the public Online version Periodical; Journal, magazine, other English
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Library Access Call number(s) Formats held Language
National Library of Australia. Open to the public 756421; Sf 338.47621381 ELE; Vol. 13, no. 645-v. 36, no. 1830 Aug. 6, 1956-Oct. 8, 1990 [Imperfect] Periodical; Journal, magazine, other English
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Library Access Call number(s) Formats held Language
Charles Sturt University. CSU Library - Electronic Resources (shared). Open to the public 001487612; Full Text Available; Gale Cengage Expanded Academic ASAP - Available from 1983 until 1990 Periodical; Journal, magazine, other English
Southern Cross University. University Library Lismore. Open to the public Electronic resource - Check catalogue for holdings Periodical; Journal, magazine, other English
State Library of NSW. Open to the public R NF621.38105/1; Vol. 19, no. 978 (3 June 1974)-v. 29, no. 1465 (3 Oct. 1983) Periodical; Journal, magazine, other English
Western Sydney University. Penrith Campus Library. Open to the public Online version Periodical; Journal, magazine, other English
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Griffith University. Griffith University Library. Open to the public .b14692065; Electronic Resource : Publ. may restrict Doc. Del. Periodical; Journal, magazine, other English
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