FACTBOX-Companies swing jobs axe to save profits
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LONDON, Aug 6 (Reuters) - Finnish electronics contract
manufacturer Elcoteq on Friday unveiled a wider-than-expected
first-half loss, warned of a full-year loss, announced 1,500 new
job cuts and said its chief executive had resigned.
Over 250,000 job cuts have been announced in the last few
months as companies around the world wrestle with slowing growth
and plunging demand.
The following is a list of job cuts announced recently by
some of the biggest players. Telecommunications contributed
around half of the overall losses.
The table shows the date when the cuts were announced and
only includes layoffs of 1,000 or more.
SECTOR: DATE JOB CUTS
TECHNOLOGY:
JDS Uniphase Corp Over 2001 16,000
Philips Over 2001 10,000
Cisco Systems April 8,500
Compaq July 8,000
Hewlett-Packard July 6,000
Infineon July 5,000
NEC Corp <6701.T> July 4,000
Cap Gemini June 2,700
IBM July 1,500
Coming Inc July 1,000
TELECOMS:
Motorola Over 2001 30,000
Nortel Networks Corp
Over 2001 30,000
Ericsson July Up to 22,000
Lucent July 15,000-20,000
Alcatel July 14,000
Siemens May-July 10,000
ADC Telecommunications
Over 2001 9,500
British Telecom Over 2001 6,000
Avaya June-July 5,000
NTL July 4,300
Marconi July4,000
WinStar Communications
Apr&July 2,950
Global Crossing July 2,000
Nokia March-June 1,000
ELECTRONICS AND ENGINEERING:
ABB July 12,000
Invensys May-July 6,000
Elcoteq Feb&Aug 3,000
SPX Corp August 2,000
Cookson Over 2001 1,960
Timken Co Apr&Aug 1,800
MAN AG March 1,200
FOOD:
Unilever April 8,000
Marks&Spencer March 4,390
ENERGY:
Sinopec Beijing Yanhua Petrochemical <0325.HK>
July 3,000
CHEMICAL:
Dupont Apr-Jul 5,500
CONSTRUCTION:
Novar Plc July 1,000
MEDIA:
Dun & Bradstreet July 1,700
Reuters July 1,100
FINANCIAL:
J P Morgan Over 2001 At least 5,000
Dresdner Bank July 1,500
Safeco Corp July 1,200
OTHER:
Air Canada Over 2001 7,500
Deutsche Post May 7,500
Deutsche Bahn June 6,000
MAN Nutzfahrzeuge AG
Over 2001 At least 1,600-1,800
AOM/Air Liberte May 1,300
To see ANALYSIS-European restructuring fad no cure for weak
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REUTERS
Rtr 09:34 08-06-01 |
