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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: re3 who wrote (85239)2/1/2001 7:01:25 PM
From: LLCF  Read Replies (1) of 86076
 
<>NEW YORK, Feb 1, 2001 (BUSINESS WIRE) -- BusinessWeek has learned that General Electric is planning massive job cuts--on a scale not seen since CEO Welch's early days in the 1980s. Wall Street sources and those close to the company say GE will likely eliminate at least 75,000 jobs--more than 15% of its workforce--during the next two years. And that total doesn't include 28,000 jobs lost in the closing of Montgomery Ward, a subsidiary of GE Capital. >

Soon it will be Jack writing loans and selling poots and GE will be the most productive company on the planet! -g-

dAK
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