Control Data Corp. plans to shut down...
- Share via
Control Data Corp. plans to shut down several plants temporarily and idle 7% of its work force the last week in August. The company has been faced with slower-than-expected U.S. sales of mainframe computers. The move will affect about 2,000 workers in St. Louis Park, Plymouth and Arden Hills in Minnesota and 500 employees in Sunnyvale, Calif., and Kansas City, Mo., said a spokesman for the Computer Products division, which makes mainframe computers. The move will help consolidate vacation expenses in the third quarter, which will improve cash flow in the fourth quarter, the spokesman said.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.