EDS has Q3 loss, plans more cuts

FRAMINGHAM (10/31/2003) - Electronic Data Systems Corp. reported a third-quarter net loss of US$600,000 and disclosed plans to cut another 2,500 jobs by the end of next year, in addition to the 2,700 positions it previously had said would be eliminated. The expanded cutback will reduce the Plano, Texas-based company's 135,000-person workforce by 4 percent. EDS said revenue totaled $5.24 billion in the third quarter, up 6 percent year-over-year.

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