RIM is looking to sell one of its two corporate jets for around $6 million, unnamed sources tell Bloomberg. The jet sale is part of a plan aimed at saving RIM $1 billion in annual operating expenses that also includes slashing 5,000 jobs from company payrolls. Some RIM employees are also being asked to work six days a week and forfeit vacation time. Bloomberg calculates that the corporate jet RIM is trying to sell will save the company only around $2.1 million in operating costs, although Bill de Decker, the founder of business jet consulting firm Conklin & de Decker, tells Bloomberg that selling off such corporate assets are necessary to keep employee morale high in the midst of job cuts. “With corporate aviation, the symbolism far outweighs the dollars,” he said.
For sale: One RIM corporate jet
Updated Dec 19th, 2018 8:29PM EST
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
