To: parker_meridian who wrote (49100 ) 4/2/2001 7:07:10 PM From: bigbuk Read Replies (1) | Respond to of 62347 Body Count: April 2, 2001 04.02.01, 12:40 PM ET YA REALLY THINK WE AT THE BOTTOM? I SAY NOT A CHANCE BUT THE LONGS KEEP EXPERIMENTING. GOOD LUCK IS ALL I CAN SAY. HERE IS A FEW WEEKS DATA--FOR A TASTE The latest casualties of the economic downturn: Chemical giant DuPont (nyse: DD - news - people) will cut 4,000 employees, or 4% of its total workforce, and slow production at less profitable plants to cut costs as the economy slows. Dupont will cut workers from its nylon, Lycra and polyester fiber businesses. In addition to cutting 4,000 permanent jobs, Dupont will shed 1,300 contract workers. Ford Motor (nyse: F - news - people) will cut 830 jobs, or 0.2% of its workforce, because of slowing sales of its Expedition and Navigator sport utility vehicles. One production shift will be cut at Ford's truck plant in Wayne, Mich. 275 of these employees are being offered new jobs in Wixom, Mich. Aerospace company Honeywell (nyse: HON - news - people) will lay off 475 employees, or 0.4% of its total workforce, because of the slowing economy. The Morristown, N.J.-based company will cut jobs at its Arizona division. Honeywell said the layoffs are unrelated to its pending acquisition by General Electric (nyse: GE - news - people). -- Marcella Bernhard Date | Company | No. Of Layoffs | % Of Workforce April 2 | DuPont | 4,000 | 4% Focus On The Forbes 500s: DuPont The Panty Hose Wars Du Pont On The Forbes 500s April 2 | Ford Motor | 830 | 0.2% The Ford Itch Mercury Lives--Up to a Point Ford Motor On The Forbes 500s April 2 | Honeywell | 475 | 0.4% Wishful Thinking Honeywell Hooks up With GE Honeywell On The Forbes 500s March 30 | Kellogg | 620 | 1% Deal Of The Day: Kellogg's Elvin Play Fat Chance Kellogg On The Forbes 500s March 30 | Venator | 3,000 | 6% Struggling Venator Looks To The Web For Salvation Buy It Retail Venator On The Forbes 500s March 30 | R.R. Donnelley and Sons | 120 | 0.4% R.R. Donnelley and Sons On The Forbes 500s Layoffs The Week Of March 26, 2001 Date | Company | No. Of Layoffs | % Of Workforce March 29 | Delphi Automotive | 11,500 | 5% Low-Cost Supplier The Autoworker; An Endangered Species Delphi Automotive On The Forbes 500s March 29 | SCI Systems | 200 | 0.8% Singapore Fling SCI Systems On The Forbes 500s March 29 | Gateway | Undetermined Focus On The Forbes 500s: Gateway Gateway And AOL Ram The Wintel Battleship Gateway On The Forbes 500s March 29 | Smurfit-Stone Container | 100 | 0.3% Psst! Let's Raise Prices! Smurfit-Stone Container On The Forbes 500s March 29 | Volvo Group | 300 | 0.6% Offers That Should Have Been Refused Volvo Group On The Forbes International 800 March 28 | Nortel Networks | 5,000 | 5.3% Top Tech Execs: John Roth No Optical Illusion: Nortel Invests Billions In Fiber Nortel Networks On The Forbes International 800 March 28 | Disney | 4,000 | 3.4% Go.com: Just Go, Already Disney Ditches Go.com Forbes Faces: Michael Eisner Walt Disney On The Forbes 500s March 28 | Bristol-Myers Squibb | 105 | 0.2% Focus On The Forbes 500s: AIDS Drugs To Africa Deal-Making In The Brave New World Of Biotech Bristol-Myers Squibb On The Forbes 500s March 28 | ADC Telecom | 3,000-4,000 | 14%-18% ADC Telecommunications: Getting Glitzy ADC Telecom On The Forbes 500s March 28 | Kansas City Southern | 170 | 6% Kansas City Southern Industries on The Forbes 500s March 27 | LM Ericsson | 3,300 | 3.1% Forbes Forecast: Ericsson To Dial Up Gains Ericsson Restructures Mobile Unit LM Ericsson On The Forbes International 800 March 27 | Nokia | 300-400 | 0.5%-0.6% How High Is High? Around-The-Globe: Nokia Mobilizes Market Nokia On The Forbes International 800 March 27 | Fleet Boston Financial | 80 | 0.1% Top Of The News: Fleet Lands In New Jersey Creative Accounting Fleet Boston Financial On The Forbes 500s March 27 | Kmart | 500 | 0.2% Disaster Of The Day: Holiday E-tail Starts Slow Focus On The Forbes 500s: Kmart Earnings Slip Kmart On The Forbes 500s March 27 | Sony | 4,500 | 2.4% Japan Retools Sony: Toys Of The Future Sony On The Forbes International 800 March 26 | Conexant | 1,500 | 17.8% Forbes Forecast: Goodbye Mr. Chips Conexant Systems On The Forbes 500s March 26 | PMC-Sierra | 230 | 15.6% PMC-Sierra's War Plan: Buy, Buy, Buy Dog Of The Day: PMC-Sierra PMC-Sierra On The Forbes 500s March 26 | Phelps Dodge | 85 | 0.6% Wealth In The Ground Phelps Dodge On The Forbes 500s Layoffs The Week Of March 19, 2001 Date | Company | No. Of Layoffs | % Of Workforce March 23 | Motorola | 4,000 | 3% Motorola Slashes 7,000 Jobs Focus On The Forbes 500s: Motorola Motorola Cuts 4,000 Jobs Top Of The News: Motorola Layoffs Motorola On The Forbes 500s March 23 | 3Com | 170 | 1.5% 3Com Loses Confidence Vote Focus On The Forbes 500s: 3Com 3Com On The Forbes 500s March 22 | Procter & Gamble | 9,600 | 9% Dog Of The Day: Procter & Gamble Forbes Forecast: P&G May Clean House Procter & Gamble On The Forbes 500s March 22 | Charles Schwab | 3,400 | 13% Disaster Of The Day: Charles Schwab Charles Schwab Decrees Three-Day Weekends Charles Schwab On The Forbes 500s March 21 | Teradyne | 650 | 6.5% Head Of The Class Teradyne: Ready For A Comeback? Teradyne On The Forbes 500s March 20 | Oracle | 866 | 2% Oracle Will Be Next Oracle Everywhere Oracle On The Forbes 500s March 20 | Solectron | 8,200 | 10.3% Forbes Forecast: Solectron Surprises Solectron On The Forbes 500s March 20 | France Telecom | 100 | 0.06% Disaster Of The Day: France Telecom's Orange IPO Global One Or Global None? France Telecom On The Forbes International 800 March 19 | Applied Materials | 1,000 | 4.5% Trader Wrapup: Applied Materials To The Rescue Applied Materials On The Forbes 500s