EMC to cut 7% of work force

EMC said last night it would reduce its work force by 7% as the data-storage firm looks to cut costs amid the challenging global economic climate.

The company will cut 2,400 positions as part of an effort to reduce costs by about $350 million (€256m) in 2009 and $500m in 2010.

EMC employs about 1,800 people in Ireland, mainly in Cork. It was not clear last night if Irish operations will be affected by the announcement.