IBM shuffles Europe operation's top management

Article Abstract:

IBM reorganizes its European operations by reassigning senior managers Pierre Barazer and Vincenzo Damiani to new positions in the organization. Barazer's new position is administrator-director general of IBM Europe. His responsibilities include personnel, corporate communications and commercial relations, as well as other organizational issues. Damiani will direct European marketing operations and is responsible for supervising sales changes, including the setting and monitoring of autonomous regional sales goals. IBM has been trying since 1990 to change the way it conducts business in Africa, the Middle East and Europe. Profits have declined and sales have been growing slowly. Net regional income has fallen 57 percent to $1.26 billion. IBM France is a particular target for growth. The French subsidiary's net income fell 61 percent to $164 million during 1991.

Prepackaged software, Europe, International Business Machines Corp., IBM, Sales, Revenue, Reorganization, Losses

---

ICL unveils a massive reorganization to combat trouble in the PC business

Article Abstract:

Fujitsu-ICL Systems announces a significant corporate restructuring plan that will force the company to reduce its ranks by 1,300 employees and refocus its target markets for products with higher profit margins. The announced ICL reorganization is the latest in a series of dire financial reports issued by significant computer vendors, including recent reports of disappointing sales from Compaq and Escom AG. ICL will spin off select factories and combine its unsuccessful PC marketing and development division with its more profitable Fujitsu counterpart, with Fujitsu controlling 80% of the combined assets. The revised ICL will concentrate on providing services and software solutions, an approach that would have produced 2.59 billion pounds sterling of revenue in 1995 and an operating profit of 26 million pounds sterling.

Electronic Computer Manufacturing, Computers & Auxiliary Equip, Reorganization and restructuring, Fujitsu-ICL Systems Inc. (Dallas, Texas), Company Restructuring/Company Reorganization

---

Similar abstracts:

• Abstracts: Structured observation of managerial work: a replication and synthesis. The leader-member attribution process
• Abstracts: Toward a stewardship theory of management. A rational basis for criticisms of organizational economics: a reply to Barney
• Abstracts: Selling cellular: a new European system seeks to ease problems of the itinerant user
• Abstracts: Computer makers are hurrying to create portables incorporating cellular modems. Privacy quietly becomes a concern
• Abstracts: Free for all; Richard Stallman is consumed by the fight to end copyrighting of software. part 2

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.