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By Renee Boucher Ferguson  |  Posted 2002-07-18 Print this article Print

: SAP Meets Lowered Financial Forecast"> "But with the dismal state, we wrote down some of software companies [in SAPs portfolio] as well," said Plattner. "A big chunk of the cake was obviously Commerce One." Commerce One remains a strategic partner to SAP, according to Plattner.
In regard to its own financial standing, SAP said it will not implement a massive headcount reduction, as had been rumored, but rather take a more sophisticated approach to cost cutting. That includes salary and benefit reductions, a hiring freeze, no replacements for staff lost through attrition, project scale backs and a revision in travel procedures, according to Plattner, who stressed that the company will not cut back on research and development.
"We have to offer software solutions that make these companies really tick," said Plattner. "And that means we need people. We [will enforce] a reduction of projects and a revision of travel; we let our people that work hard travel in a nice style. We will travel coach now. We will ask our employees to renegotiate with us, sit down, so that we can avoid [layoffs]." Related Stories:
  • SAP Warns of Revenue Shortfall
  • Special Report: Earnings Roundup


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