Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (12721)	9/11/2003 8:01:22 AM
From: Bucky Katt	Read Replies (1) of 13094

3 firms to cut nearly 5,000 jobs 3Com says clients are not spending From Tribune news services Published September 11, 2003 Economists' hopes that the pace of layoffs would slow in the U.S. received a jolt Wednesday, when three major companies announced they would cut nearly 5,000 jobs combined. 3Com Corp. said it would cut its workforce by one-third, or about 1,000 jobs, as it outsources all its manufacturing and distribution work and closes a plant in Ireland to save money and improve efficiency. International Paper Co. said it plans to cut about 3,000 jobs, or about 3.5 percent of its workforce, in the next year to help improve profits, and Levi Strauss & Co. said it will cut up to 650 jobs, or about 5 percent of its workforce, to slash expenses.

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