Unisys, the computer giant formed by the merger of Sperry and Burroughs, reported a $43.4-million loss for 1986 due to the cost of restructuring. However, it predicted substantial earnings gains in 1987.
The company had a fourth-quarter loss of $188.5 million on revenue of $2.54 billion, compared to a year-earlier profit of $115.3 million on revenue of $1.48 billion.
The fourth-quarter loss, which Unisys termed an aberration, had been predicted last month by the company, which said it would post a quarterly loss following a fourth-quarter charge associated with the merger.
But the actual $280-million, or $6.08 per share charge, which covers layoff costs for 9,600 employees, or 8% of the work force, plant closings and other streamlining measures, was higher than the $250 million to $275 million Unisys had anticipated.