Ingram Micro slashes 1,000 jobs, closes offices

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Santa Ana, Calif.--Ingram Micro Inc., one of the world's biggest distributors of microcomputer products, said Wednesday that it would cut about 1,000 jobs and close several offices because of the softening information technology market. Ingram said it would shutdown its Santa Ana and Rancho Cucamonga, Calif., facilities and scale back its Miami distribution center. Ingram said the cost-cutting plan would save about $30 million to $40 million annually, but it will record a restructuring charge of no more than $15 million in the second quarter.
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