Logitech to slash 15 percent of its workforce, Withdraws Financial Targets

According to Bloomberg: “Logitech International SA (LOGN:VX), the world’s biggest maker of computer mice, withdrew its fiscal 2009 financial targets and said it will cut 15 percent of its salaried workforce because of the deepening global recession.

Logitech, based in Romanel-sur-Morges, Switzerland, will book a related restructuring charge in the fiscal fourth quarter ending March 31, 2009, the company said in a statement distributed by Business Wire today.”

• Logitech has more than 9,000 employees, according to its Web site.
• Logitech is scheduled to report third-quarter profit for the three months ended Dec. 31 on Jan. 20.