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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (6284)7/26/2001 6:52:43 AM
From: smolejv@gmx.net  Read Replies (2) of 74559
 
Facts, Jay, just the facts ;
Companies are cutting jobs

Since the beginning of 2001 more and more enterprises are
announcing extensive job reductions. Here an overview
of planned and partially already implemented job cuts.

January
DaimlerChrysler 26,000
Amazon 1,300
AOL TimeWarner 2,000
Karstadt 7,000

February
Nortel 30,000

March
Walt-Disney 4,000
Motorola 26,000
Grundig 900
Daewoo 6,500
Delphi 11,500
Procter&Gamble 9,600

April
Siemens 6,100
Cisco 8,500
Philips 6,000-7,000
Moulinex 4,000
Goodyear 7,800
Texas Instruments 2,500
Unilever 33,000

May
Siemens 2,000 Add.
Isuzu Motors 9,700

June
Nokia 1,000
NewYork Times l,200
Daimler Chrysler Freightliner l,000

July
Praktiker (Metro-Konzern) l,000
Alcatel 7,300
Corning 5,900
Philips 4,500-5,500
Coca-Cola l,000
Compaq 8,500
ABB 12,000
Lucent 15,000-20,000 Add.
(on top of 19,000 since Jan)
Reuters 1,000
AmEx 5,000 - Up to
Intel 5,000
3M 5,000
Siemens l,600 Add.
Ericsson 15,000
Honeywell 6,500
Motorola 4,000 Add.

From AP
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