9/28/02
Verizon Communications Inc. plans to eliminate
nearly 1,000 jobs in New Jersey, contending there simply is not enough
work to go around. The telecommunications giant wants to shed 991
jobs by having union members accept voluntary buyouts. If too few
workers accept the offer, layoffs could follow, the company said.
9/27/02
GoAmerica Inc. plans to cut 50% of its jobs and
said it no longer needed to raise as much as $15 million in financing
this year as it reduces costs and teams up with companies, including
EarthLink Inc., to lift sales. The company, a provider of wireless
Internet services, said it would cut 100 jobs through the end of the
year. EarthLink, the third-largest United States Web-access service,
agreed to buy part of the company's subscriber base and provide hardware,
billing and network services to GoAmerica.
9/27/02
British telecoms firm
Colt Telecom Group Plc said
it will cut about 800 jobs as part of a reorganization drive amid
the ongoing telecommunications sector meltdown. At the end of June
the company had about 5,000 staff around the world.
9/27/02
SBC Communications Inc., the nation's second-largest
local phone carrier, said it plans to lay off 11,000 more workers,
underscoring how regional Bell companies are becoming increasingly
vulnerable to the weak economy and growing competition. The coming
round of layoffs will bring to 20,000, or about 10% of SBC's work
force, the number of jobs the company has cut this year.
9/27/02
MobilCom AG said it will cut 37% of its work force
and freeze the roll-out of its third-generation wireless network in
a bid to survive after being abandoned by France Telecom SA earlier
this month. Chief Executive Thorsten Grenz plans to shed 1,850 full-time
jobs from a total of 5,000.
9/26/02
Aetna said it plans to cut an additional 8.6% of
its work force as part of its turnaround effort begun in early 2000.
The health insurer also said it will take a charge of about $58 million.
9/25/02
Handheld maker
Handspring cut 20 percent of its
work force, or about 80 employees, this week. Company spokesman Allen
Bush said the cuts, which hit the marketing department hardest, are
part of Handspring's effort to trim costs and focus on its Treo line
of wireless handhelds as opposed to its traditional, nonwireless organizers.
9/25/02
The
Goodyear plant will lay off about 450 workers,
or 11.8 percent of its work force, starting Monday because of the
slumping economy, company officials said.
9/25/02
Almost 5,000 BellSouth employees have volunteered
to take a severance pay package from the Atlanta company and will
leave by the end of the month. The strong response to the offer
means fewer than 30 workers had to be fired from the telecommunications
firm, which in May announced it was cutting about 6 percent of its
work force.
9/24/02
Amid a continued economic slowdown, Hewlett-Packard
has disclosed plans to cut 16,800 jobs by October of next year,
1,800 more than the company had originally stated.
HP said that the 16,800 cuts refer to the net job reductions through
early retirement and its work force reduction program.
9/24/02
Taiwan's Gigamedia Ltd.
plans an across-the-board work-force reduction of 17%, or 40 people,
that will result in a third-quarter restructuring charge of NT$5.9
million (US$172,000). In a press release Friday, the Taiwan entertainment
and Internet service provider said it will have about 200 people
left following the job cuts.
9/23/02
Anadigics
Inc. is cutting 10% of its 450
employees, and said it is on track to meet previous third-quarter
guidance. In a press release Monday, the supplier of wireless and
broadband communications products said it still expects a third-quarter
loss of 33 cents a share before items, on revenue of $21 million,
in line with analysts' views.
9/23/02
Siemens AG
said that it plans to cut another 300 jobs at its top-performing
unit, Power Generation, as it aims to slash costs ahead of an expected
downturn in the turbine market. The job cuts will take place at
the company's plant in Hamilton, Ontario, which currently employs
about 1,300 people, a company spokesman said. The cuts in Canada
follow plans to cut 400 jobs at a factory in Newcastle, in the U.K.
Power Generation employs around 27,000 people.
