GLOBAL EXCHANGE ANNOUNCES WORLDWIDE RESTRUCTURING PROGRAM TO IMPROVE ITS COMPETITIVE POSITION
08 June 2004 - Global Exchange Services (GXS)

Global eXchange Services today announced it is executing a worldwide restructuring program to transform its business and improve its competitive position. The strategic move includes consolidating development and operations functions, streamlining business processes and making technology investments to lower its worldwide service delivery costs. As a result of this restructuring, the Company will reduce its global employee workforce by approximately 300 positions, or approximately 20 percent, by the end of calendar year 2004. GXS expects to record restructuring charges of between $28 and $32 million during 2004 associated with these actions and related facility rationalizations.

'This restructuring is a necessary part of our broader transformation effort to improve the Company's competitive position,' said Gary Greenfield, Global eXchange Services president and CEO. 'We are consolidating our development, operations and support functions into fewer, more centralized locations designed to enable us to be more efficient and be more responsive to customer needs. Our sales and marketing teams will focus on targeted industry segments to better serve our customers, including retail, high technology and automotive. We are organizing our business to better serve small and large businesses, jointly and distinctly, and we are making critical investments in new technology to lower our worldwide service delivery costs.'

Greenfield continued, 'GXS has a long and proud history as a pioneer in information transaction management, and we are committed to continuing the Company's evolution as a leading provider of cross-enterprise, business process networking solutions.'

http://www.gxs.xom

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