Following the close of the deal in October, Open Text announced a 15% global workforce reduction.
"Several weeks ago, we made workforce reductions in both the baseball and business operations departments, which amounted to less than 10 percent of our full-time staff."
Total workforce reduction since June 2010 has made 28%.
Very often, the label BPR was used for major workforce reductions.
Almost daily, another company announces a loss for the year or a workforce reduction.
All these past reforms, the current pay freeze and planned workforce reductions will reduce the future cost of pensions.
In the following years there were several additional workforce reductions and non-core assets were sold off.
The union argues that proposed workforce reductions at Verizon will worsen performance.
Those necessary workforce reductions can come mostly from retirements.
The program includes workforce reduction and internal restructuring affecting approximately 10% of the company's 3,900 positions.