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Blueprint for a Turnaround-- Slash bloated bureaucracy and costs. EDS has targeted $500 million in annual savings by 1998, in part by cutting 8,500 jobs. -- Halt years of rising turnover, now about 16%, up from 10% in 1994. Also, recruit more talent in such areas as the Internet and Year 2000. -- Improve risk assessment and controls on troubled contracts. Adopt more conservative accounting policies for risky contracts. -- New megadeal team must keep landing big contracts, such as a $3.8 billion outsourcing agreement with Commonwealth Bank of Australia.
DATA: EDS, BUSINESS WEEK
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Updated Oct. 9, 1997 by bwwebmaster
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