Lawson Software cuts up to 200 jobs
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A St. Paul software company is cutting up to 200 positions worldwide, or less than 5 percent of its workforce.
Lawson Software says the restructuring will eventually save up to $17 million annually, although it will incur severance and related benefit payments of up to $7 million in the fourth quarter ending May 31.
Lawson produces software for human resources, finance and other office functions.
The St. Paul Pioneer Press reports the company's Securities and Exchange Commission filing says the job cuts will occur in the United States, the Philippines and in Europe. The company employs about 800 in downtown St. Paul.
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Information from: St. Paul Pioneer Press
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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