News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Hospice of the Western Reserve

Meaden & Moore

Greater Akron Chamber


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Diebold revises second quarter results
Loss goes from $98.6 million to $105 million due to Brazilian tax issue
by WKSU's KABIR BHATIA


Reporter
Kabir Bhatia
 
In The Region:
Canton-based Diebold reported a second quarter loss of $98.6 million last week, but this week revised the figure to $105 million. The move comes after final figures came in related to a five-year-old tax-credit dispute with Brazilian the government. 
The troubled company is offering early retirement to 1,200 employees and freezing the pensions of 3,000 more.
CEO Andreas Mattes attributes the losses to a 7 percent drop in revenue compared to the same period last year, plus the Brazilian issues. 
There is no forecast of how many employees may opt for the Diebold early out plan. The pension freeze will not affect current retirees; nor will it be a factor for new and future hires because they are in 401(k) programs.
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Legalized marijuana is a boon for a Cleveland-area grow light maker
Great article and on a similar note, Nano Technology grow lights just hit the market and grows the plants 3/4 inch faster per day than the double ended 1000w. ...

Ohio to appeal ruling keeping Akron's red light cameras in place
I don't understand what all the fuss is about. If you don't like tickets drive the speed limit and stop at red lights. It's really all up to you.

Who's on public assistance in Ohio?
legalize marijuana get over it,,, its here its been the main drug test scare of a lifetime. u got people that get drunk every night and work u got peoples on ...

Letters from a lost friend: A Beachwood survivor's Holocaust remembrance
What a great story -- and how important it was for both Marlene and her mother to tell it! Thank you.

Akron city council to vote on resolution for hiring ex-offenders
Great as a taxpayer I paid for the police to catch them, the free lawyer, the jail to house them , the food their kids eat the medical for them and all its goin...

5 of 8 rule headed for a vote
this is just another way for kasich to pass the buck and claim that it gives the local districts control. Few schools have enough money because of his cuts. T...

Bill would allow Ohio religious leaders to refuse to do gay marriages
This is just a lot of political posturing. The free exercise clause of the 1st Amendment already protects clergy from being forced by civil authorities to perfo...

Ohio lawmakers want to eliminate background checks, training to carry guns
On the face of this report I don't find the name of the bill or who sponsered it. I will have to google a general bill with this as its content to address it. N...

Ohio lawmaker calls for an investigation into a Dayton women's prison
I was an inmate at DCI and I am so happy that it's being investigated. The staff behavior there is awful unless he/she is your lover. There are more drugs insid...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University