Updated: 4/11/2003; 10:24:12 AM.
economy
Economic stories of interest.
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Monday, April 22, 2002
Lucent Posts 8th Straight Loss [6,000 Jobs]
"Lucent which began a massive restructuring in January 2001, said it will cut its work force to about 50,000 by the end of September from 56,000 at the end of March and 106,000 in January 2001."

11:53:29 AM  Google It!  comment  []    

Ericsson to Cut Thousands of Jobs Amid Bleak Outlook
"It also announced a further package of cost- cutting measures to improve profitability, a move that will result in thousands more job losses at a company that has already shed 22,000 jobs over the past year. Ericsson, which had 107,000 employees at the end of 2001, said it planned to reduce its workforce down to 65,000 by the end of 2003."

8:44:59 AM  Google It!  comment  []    


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