The Bankwatch

Tracking the evolution of financial services

Diebold cuts 800 jobs; warns of trouble ahead

This from Finextra …  as we forecast last year, this sub-prime crisis will have far flung effects, that few would have predicted.  Here we have an ATM manufacturer cutting 5% of the workforce.

Finextra: Diebold cuts 800 jobs; warns of trouble ahead

US ATM manufacturer Diebold is cutting 800 jobs – five per cent of its global workforce – following a disappointing 2007 and amid gloomy forecasts for the coming year as the credit crisis hits bank branch investment budgets.

Written by Colin Henderson

February 10, 2008 at 23:37

Posted in sub prime

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  1. [...] Diebold cuts 800 jobs; warns of trouble ahead This from Finextra … as we forecast last year, this sub-prime crisis will have far flung effects, that few would have predicted. Here we have an ATM manufacturer cutting 5% of the workforce. Finextra: Diebold cuts 800 jobs; warns of trouble ahead US ATM manufacturer Diebold is cutting 800 jobs – five per cent of its global workforce – following a disappointing 2007 and amid gloomy forecasts for the coming year as the credit crisis hits bank branch investment budgets. [...]


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