EMC set to break all profit records

EMC Corporation which employs more than 1,000 at its Co Cork plant has reported preliminary fourth-quarter and full 2005 fiscal year revenues exceeding previously announced fourth-quarter revenue expectations and establishing new all-time company record highs for quarterly and full-year revenues.

The firm also said it plans to lay off 1,000 workers worldwide, with further information on this later in the year, but didn’t say where the cuts would happen.