WIRE: 10/10/2001 9:28 am ET

Motorola cuts 7,000 more jobs after third straight loss

The Associated Press

CHICAGO (AP) Slumping tech giant Motorola Inc. said Wednesday it is cutting 7,000 more jobs and confirmed it is headed for a fourth straight money-losing quarter. The announcement came a day after the cellphone and semiconductor manufacturer reported a $1.4 billion loss for the quarter ended Sept. 30.

Faced with a weakened economy and slower industry growth in worldwide cellphone sales, Motorola already this year had announced 32,000 job cuts to a work force that stood at 147,000 last December.

President and chief operating officer Robert Growney disclosed to analysts in a conference call Wednesday that the Schaumburg, Ill.-based company will now eliminate 4,000 more positions associated with businesses sold and another 3,000 through other cuts and attrition.

That would increase the total cuts to 39,000 and trim the work force to approximately 108,000 by the end of the year a reduction of about 26 percent. Growney indicated there could be more.

"Motorola will continue to take appropriate cost-reduction actions," he said.

The company has reported losses totaling $2.70 billion, or $1.23 a share, for the first nine months of 2001.

Executives said they anticipate a loss of 4 cents to 5 cents a share in the fourth quarter a slight improvement over the previous two quarters.

Kicking off an uneasy earnings season for the tech sector, the company said late Tuesday its biggest business, cellphones, had finally returned to profitability and market share had improved two points to 17 percent. But overall sales sank 22 percent from a year earlier, semiconductor sales tumbled 48 percent and even Motorola's claim of a recovery for cellphones was questioned.

Analyst Todd Bernier of Morningstar said the results showed "across-the-board weakness" for Motorola.

"They continue to take huge charges every quarter, so it's impossible to get a feel for what they're looking at," Bernier said Tuesday. "They lost money in most of their divisions. The semiconductor unit in particular is just a continuing drag on their business."

Christopher Galvin, chairman and chief executive officer, said the company had been anticipating a global economic recovery starting in early 2002 that would have boosted Motorola's performance. In the wake of the Sept. 11 terrorist attacks, that is no longer necessarily the case, he said.

The third-quarter loss amounted to 64 cents a share, compared with earnings of $531 million, or 23 cents a share, in the third quarter of 2000.

Including a slew of pro forma adjustments and special charges, the operating loss was $153 million, or 7 cents a share, matching the estimate of a consensus of analysts surveyed by Thomson Financial/First Call.

On the Net:

http://www.motorola.com

http://abcnews.go.com/wire/US/ap20011010_580.html

-- Martin Thompson (mthom1927@aol.com), October 10, 2001

Answers

Page 2B

Wall Street workers now face layoffs Credit Suisse, like other brokerages, to cut jobs By Noelle Knox USA TODAY

NEW YORK -- Wall Street employees, many of them still shaken by the terrorist attacks, now face another threat: losing their jobs.

Credit Suisse First Boston said Tuesday that it will fire 2,000 employees, or 7% of its global workforce, on the heels of layoffs last week at Morgan Stanley

-- (CAkidd_94250@yahoo.com), October 10, 2001.

By Cynthia L. Webb Washington Post Staff Writer Wednesday, October 10, 2001; Page E05

Ardent Communications Inc., an Arlington firm that sells high-speed Internet access and Web services to businesses, laid off an undisclosed number of workers yesterday.

-- (CAkidd_94250@yahoo.com), October 10, 2001.

Tuesday October 9 6:48 PM ET Nordstrom Lays Off 900 More Workers By ALLISON LINN, AP Business Writer

SEATTLE (AP) - Citing the economic effects of the Sept. 11 attacks, Nordstrom Inc. on Tuesday markedly reduced its earnings expectations for the third quarter and said it had laid off about 900 more people than originally reported.

-- (CAkidd_94250@yahoo.com), October 10, 2001.

And the stock market has a "we own the skies" because we're pounding a third world nation's air defenses, even after Motorola has further layoffs and all the other layoffs over the past few days. They will find any reason to buy stocks no matter how bad the situation really is.

-- Paul (skypilot99@aol.com), October 10, 2001.

Air New Zealand will cut the equivalent of 800 jobs and trim its management structure as it battles to survive following the loss of Ansett and a sharp reduction in demand for international air travel.

-- Martin Thompson (mthom1927@aol.com), October 10, 2001.

NEW YORK (CNNmoney) - Goodyear Tire and Rubber Co. will lay off about 1,400 of its North American workers, or about 5 percent of the work force, citing decreased demand from both new car makers and individual buyers of replacement tires.

The layoffs were announced Tuesday at the five plants affected. All the plants affected are unionized, and union members will make up about 90 percent of the layoffs.

-- Martin Thompson (mthom1927@aol.com), October 10, 2001.

Oct 10, 2001 Aer Lingus (Ireland) laying off 2500.

Oct 10, 2001 McDonald's reducing regional offices from 5 to 3. Claims that rumored 2000 layoffs are "over the top."

-- Paul (skypilot99@aol.com), October 10, 2001.

NEW YORK (Reuters) - Oxygen Media Inc., an Internet and cable television company targeted at women, cut nearly 14 percent of its staff, or 80 jobs, this week as a result of the changing marketplace, a company spokeswoman said Wednesday.

-- Martin Thompson (mthom1927@aol.com), October 10, 2001.

Layoffs By Industry Since Sept. 11, 2001

Since the terror attacks of Sept. 11, dozens of companies have been forced to scale back staff in an effort to cut costs amid one of the biggest shocks to the U.S. economy in history. Following is a list of companies that have announced such layoffs:

Aerospace Boeing: 30,000 Bombardier: 3,800 Textron: 2,500 Raytheon Aircraft: 750 Goodrich: 450 Rockwell Collins: 2,600 Airlines AMR (American, American Eagle, TWA): 20,000 United: 20,000 Delta: 13,000 Continental: 12,000 US Airways: 11,000 Northwest: 10,000 British Airways: 7,000 Air Canada: 5,000 Swiss Air: 9,000 KLM Royal Dutch Airlines: 2,500 America West: 2,000 Sabena: 2,000 Midway (shut down): 1,700 Virgin Atlantic: 1,200 Scandinavian Airlines: 1,100 Air Transat: 800 American Trans Air: 1,500 Frontier Airlines: 440 National Airlines: 300 Vanguard Airlines: 150 Sun Country: 200 Alitalia: 2,500 Aer Lingus: 2,500 Textron (Cessna,Bell Helicopters): 2,500 Travel Mandalay Resort Group, Las Vegas: 4,500 MGM Mirage, Las Vegas: 3,000 Wyndham International: 1,600 Park Place Entertainment, Las Vegas: 1,500 Other Las Vegas Hotels: 3,000 Navigant International: 800 Rosenbluth International: 800 Shedd Aquarium: 44 Airline Service LSG Sky Chefs: 4,800 Gate Gourmet: 3,000 Manufacturing Fiat: 20,000 Ford Motor Company: 5,000 General Electric: 4,000 Honeywell: 4,000 Alcatel: 3,000 McLeod: 1,600 Spheron: 500 Terex: 500 Brinton US Axminster: 300 Goodyear: 1,400 Technology Motorola: 7,000 WorldCom: 1,000 Sun Microsystems: 3,900 Nortel Networks: 10,000 Corning: 4,000 EMC: 2,400 Advanced Micro Devices: 2,300 Excite At Home: 500 Sony: 5,000 Banks and Brokerages Credit Suisse First Boston: 2,000 Retail Nordstrom: 1,600

-- Martin Thompson (mthom1927@aol.com), October 10, 2001.

Neon to let 30% of its workers go

Software maker Neon Systems said Tuesday it will cut 30 percent of its employees as it reorganizes one of its business divisions.

-- Martin Thompson (mthom1927@aol.com), October 10, 2001.

DALLAS (CBS.MW) -- Television broadcaster and newspaper publisher Belo Corp. said on Wednesday that it will cut about 160 jobs by the end of this month in the face of a continuing year-long advertising slump.

-- Martin Thompson (mthom1927@aol.com), October 10, 2001.

10 October 2001

Telecommunications network design and construction company NDC has announced job cuts Australia-wide, commencing with 150 workers who have opted to take voluntary retrenchment packages.

-- Martin Thompson (mthom1927@aol.com), October 10, 2001.

PAXINOS -- A Paxinos recreational vehicle manufacturer has laid off approximately 26 percent of its workforce due to a slumping economy, according to a company official.

Reached at corporate headquarters in Riverside, Calif., Kathy Snyder, director of investor relations for Fleetwood Motor Homes, confirmed Tuesday that 130 of the plant's 493 employees were laid off.

-- Martin Thompson (mthom1927@aol.com), October 11, 2001.

Oct 11, 2001 Polaroid file Chapter 11 backruptcy soon. Trying to sell.

Oct 11, 2001 Rare Medium closed.

Oct 11, 2001 eLabor.com laid off 30. 20 more to go by end of year.

Oct 11, 2001 SMC Networks

Oct 11, 2001 Mascot.com closed.

Oct 11, 2001 Viant's laying off 3rd round soon.

Oct 11, 2001 Kinko's is about to layoff 50% of its corporate staff.

Oct 11, 2001 Digitas just cut 25% of their staff worldwide. 38% (40 employees) were cut from Bostom office.

Oct 11, 2001 Vignette laid off 20%.

-- Paul (skypilot99@aol.com), October 11, 2001.

180 Massport workers face ax

Three top officials reportedly included

By Frank Phillips, Globe Staff, 10/11/2001

hree high-profile Cellucci administration patronage appointees are among the 180 Massachusetts Port Authority employees who face the ax today as the agency's board takes up a plan to cut $51 million from its operating budget.

-- Martin Thompson (mthom1927@aol.com), October 11, 2001.

Oct 11, 2001 Iberia, Spanish airline, laying off 3,000.

-- Paul (skypilot99@aol.com), October 11, 2001.

ISLANDIA, N.Y. (Reuters) - Computer Associates International Inc. on Thursday said it would cut its work force by about 900 positions, or about 5 percent, to about 17,000.

The cuts, which will be primarily in North America, are effective immediately and will hit all areas of the company, the Islandia, New York-based software maker said in a statement.

-- Martin Thompson (mthom1927@aol.com), October 11, 2001.

Oct 11, 2001 Southwest Airlines, after news reports of how they have never laid off employees and how well the company has been doing, announced layoffs of 10,000

-- Paul (skypilot99@aol.com), October 11, 2001.

EUROPE'S largest IT consulting group, Cap Gemini Ernst & Young, has been forced into a fresh round of cost-cutting that includes another 600 job losses. The group also warned that hopes of a recovery have been 'pushed back by at least one or two quarters'.

-- Martin Thompson (mthom1927@aol.com), October 12, 2001.

Across the hospitality industry (HOTELS), anywhere between one and three million people are estimated to have lost their jobs. Even those who are still nominally working have had their hours cut from a full 40 hours to the equivalent of just two or three days a week.

Oct 12, 2001 Vignette laying off. Possibly 25%.

Oct 12, 2001 Computer Associates 900 or 5%.

Oct 12, 2001 Coke 80.

-- Paul (skypilot99@aol.com), October 12, 2001.

FLORIDA TODAY Rockwell Collins Inc. announced late Thursday that it plans to eliminate 185 jobs in Melbourne, or 12 percent of its local work force, by May because of weakness in the commercial-jet market.

-- Martin Thompson (mthom1927@aol.com), October 12, 2001.

DALLAS -- (AP) Media owner Belo Corp. said Wednesday it would cut 160 jobs this month and freeze wages for one year to bring expenses in line with a slump in advertising revenue.

Belo said it would also freeze all capital spending and all discretionary expenses through next year and would not increase its cash dividend until at least 2003.

-- Martin Thompson (mthom1927@aol.com), October 12, 2001.

FRANKFURT/DETROIT (Reuters) - DaimlerChrysler AG (DCXGn.DE) (DCX.N) on Friday announced a $330 million restructuring of its Freightliner commercial truck division that includes an 18 percent cut in jobs.

The move comes as the U.S. market for commercial vehicles suffers what company officials called ``its worst slump in 20 years, with no signs of recovery in the immediate future.'' In addition, Freightliner also must handle self-inflicted costs of deals it made years ago to boost sales by guaranteeing to buy back used trucks.

-- Martin Thompson (mthom1927@aol.com), October 12, 2001.

Isn't that the 2nd job cuts for Freightliner?

Oct 13, 2001 Lechters Inc. housewares chain that filed for bankruptcy protection in May closing all of its 315 stores and liquidating inventory.

Oct 13, 2001 Regal Cinemas Inc., largest theater chain filed bankruptcy. Most large theater chains have closed hundreds to over a thousand screens and laid off hundreds.

-- Paul (skypilot99@aol.com), October 13, 2001.

SPOKANE, Wash. (AP) -- Kaiser Aluminum Corp. has begun handing out job reduction notices to 65 of 149 salaried employees at its smelters here and in Tacoma

-- Martin Thompson (mthom1927@aol.com), October 13, 2001.

Oct 13, 2001 Credit Suisse appears to be laying another 2000 off. They just laid off recently I believe.

-- Paul (skypilot99@aol.com), October 13, 2001.

Oct 13, 2001 Playboy laying off 90.

-- Paul (skypilot99@aol.com), October 13, 2001.

Oct 14, 2001 Siemens laying off another 7000. Total 15,000.

Oct 14, 2001 Bethlehem Steel bankruptcy.

-- Paul (skypilot99@aol.com), October 15, 2001.

Oct 15, 2001 Sprint will be cutting 6,000 to 9,000 employee

Oct 15, 2001 Volume.com closed.

Oct 15, 2001 Viant laid off 116 or 37%

Oct 15, 2001 TicketPlanet.com closed.

Oct 15, 2001 Akamba Corporation closed.

Oct 15, 2001 FolioFn.com laid off 50 of 140 workers.

Oct 15, 2001 Brience has closed all European offices.

Oct 15, 2001 Support123.com closed.

-- Paul (skypilot99@aol.com), October 15, 2001.

El Al plans to lay off some 240 employees by the end of the year, due to the slowdown in global air traffic, with some 100 redundancies to take place as soon as the October holiday season ends, El Al CEO David Hermesh said in a closed meeting with airline executives on Yom Kippur Eve.

-- Martin Thompson (mthom1927@aol.com), October 15, 2001.

BERLIN (AP) - Germany's Commerzbank AG said Monday it will eliminate 3,400 jobs, or about 8.5 percent of its work force, by 2003 in a cost- cutting effort.

The bank last month warned that as many as 10 percent of its 40,000 positions might be cut

-- Martin Thompson (mthom1927@aol.com), October 15, 2001.

NEW YORK (Reuters) - Commerce One Inc. (Nasdaq:CMRC - news) said on Monday it cut 1,300 jobs, or 46 percent of its work force, but sources said the announcement does not reinforce speculation that the company is about to be taken over by German software giant SAP AG.

-- Martin Thompson (mthom1927@aol.com), October 15, 2001.

NEW YORK (AdAge.com) -- In a filing Friday with the Securities and Exchange Commission, Boston-based i-shop Viant said it would layoff approximately one-third of its staff, reducing the overall head count from 316 employees to 200.

-- Martin Thompson (mthom1927@aol.com), October 15, 2001.

Oct 16, 2001 United Technologies 5000

-- Paul (skypilot99@aol.com), October 16, 2001.

Oct 15, 2001

Air India is to close 20 of its 34 offices outside India, cut down 10 more and lay off 142 workers.

Spokesman J Bhargava said that the cuts should save the troubled airline 210 million rupees a year.

Offices to be closed include Boston, Montreal, and European cities such as Barcelona, Manchester, Nice, Stockholm, Warsaw, Prague and Budapest. Offices in Washington DC, Toronto, Madrid, Brussels, Rome, Birmingham in England, Lagos, Taipei, Auckland and Sydney would be downsized, the company said.

-- Martin Thompson (mthom1927@aol.com), October 16, 2001.

Reuters Growth Slows, Cuts 500 More Jobs Updated: Tue, Oct 16 12:54 PM EDT By Mark Bendeich

LONDON (Reuters) - Global news and information provider Reuters Group Plc reported third-quarter revenues in line with market forecasts on Tuesday and announced 500 more job losses as it accelerated cost- cutting to counter weaker growth

-- Martin Thompson (mthom1927@aol.com), October 16, 2001.

ATLANTA (October 16, 2001 10:29 a.m. EDT) - BellSouth Corp. said Tuesday it may have to cut jobs as part of its continued effort to trim expenses, a departure from recent company statements that said layoffs were not planned.

Company spokesman Jeff Battcher said the company has "a whole host of opportunities" to reduce costs, including further job cuts. "That's one of the things we're looking at," he said.

BellSouth cut about 2,100 jobs last year to eliminate some administrative, legal and finance positions. Battcher declined to comment on the size of potential cuts.

-- Martin Thompson (mthom1927@aol.com), October 16, 2001.

Oct 17, 2001 Unisys laying off 3000.

Oct 17, 2001 Dephi laying off another 1000 to 1500.

Oct 17, 2001 TRW laying off another 2400.

Oct 17, 2001 GM's Opel laying off 1600.

-- Paul (skypilot99@aol.com), October 17, 2001.

Oct 17, 2001 Reciprocal closed.

Oct 17, 2001 Reuters is cutting 500 jobs

Oct 17, 2001 Primedia closing Brill's Content magazine & laying off most of Inside.com, 38 people.

Oct 17, 2001 Register.com laying off most or all of New York office.

Oct 17, 2001 DSL.net fired 80 more people. Closing.

Oct 17, 2001 Gojobsite.com laying off 32.

Oct 17, 2001 Philips Electronics' laid off entire mp4net group in Sunnyvale. Moved all operations to Europe & Israel.

Oct 17, 2001 ClearCommerce.com laid off half its remaining staff.

Oct 17, 2001 Netopia another round of layoffs

Oct 17, 2001 Motive.com laid off 80+ (about 25% of total).

-- Paul (skypilot99@aol.com), October 17, 2001.

i2 Technologies to layoff 1,000 Posts $5.53 billion net loss for quarter after huge writedown

NEW YORK, Oct. 16 — Business-to-business software company i2 Technologies Inc. Tuesday posted a $5.53 billion net loss for the third-quarter, which included a write-down of $4.7 billion. It also said it will cut 1,000 jobs by early next year.

-- Martin Thompson (mthom1927@aol.com), October 17, 2001.

New York, Oct. 17 (Bloomberg) -- Merrill Lynch & Co., the largest brokerage, may eliminate as many as 10,000 jobs, or 15 percent of its workforce, and take a fourth-quarter charge of more than $1 billion, the Wall Street Journal reported in its ``Heard on the Street'' column.

-- Martin Thompson (mthom1927@aol.com), October 17, 2001.

I've said it before: If Wall Street really believes we are close to a turnaround and the economy is going to start improving, why would investment houses be laying off if that rebound was truly so close? Now Merrill Lynch laying off 10,000? That's an incredible about of employees for an investment house to be laying off. It looks like, while they smile at you and say everything will be fine, they know more than they let on.

Oct 17, 2001 EMC increasing previously announced layoffs from 2400 to 4000.

-- Paul (skypilot99@aol.com), October 17, 2001.

Sprint Corp. announced Wednesday afternoon it would lay off 6,000 and eliminate another 1,500 contractor positions as part of a restructuring. The move comes as Sprint officials said they would terminate the company's ION broadband service.

-- Martin Thompson (mthom1927@aol.com), October 17, 2001.

Wednesday October 17 5:02 PM ET Dana to Shut Plants, Cut 11,000 Jobs By JOHN SEEWER, Associated Press Writer

TOLEDO, Ohio (AP) - Auto parts supplier Dana Corp. will cut about 11,000 jobs, or about 15 percent of its work force, through plant closings and consolidations, the company announced Wednesday.

The reductions come on top of about 10,000 job cuts made within the last two years because of an oversupply of vehicles and slow U.S. sales.

-- (CAkidd_94250@yahoo.com), October 17, 2001.

Alcan to cut up to 3,600 jobs; Q3 profits down Last Updated: Wed Oct 17 18:58:19 2001 MONTREAL - Alcan Inc. said Wednesday it plans to chop as many as 3,640 jobs as it faces an unprecedented fall in aluminum demand and lower prices for the metal.

-- (CAkidd_94250@yahoo.com), October 17, 2001.

Boston Coach lays off 194

Business travel dip since attacks blamed in part

By Beth Healy, Globe Staff, 10/17/2001

Boston Coach, a private car service owned by Fidelity Investments, yesterday said it laid off 12 percent of its staff, or 194 people nationwide, as business travel has declined following the Sept. 11 terrorist attacks.

-- (CAkidd_94250@yahoo.com), October 17, 2001.

By Cynthia L. Webb Washington Post Staff Writer Wednesday, October 17, 2001; Page E05

ZonaFinanciera.com Inc., a Fairfax company that got its start at the height of the Internet boom in 1997, has closed and just a few employees are left to wind down operations, according to some of the company's investors.

-- (CAkidd_94250@yahoo.com), October 17, 2001.

Tuesday October 16 5:10 PM ET International Paper to Shut Mill,Cut Jobs

ERIE, Pa. (Reuters) - International Paper Co.(NYSE:IP - news), the No. 1 North American paper products company, said Tuesday it will cut 760 jobs as it closes its pulp and paper mill in Erie, Pennsylvania, due to weakness in the global pulp market.

-- (CAkidd_94250@yahoo.com), October 17, 2001.

Oct 18, 2001 Mcdonald's laying off 350.

Oct 18, 2001 Bear Sterns laying off 850.

-- Paul (skypilot99@aol.com), October 18, 2001.

SANTA ANA, Calif. (October 17, 2001 10:58 p.m. EDT) - The Orange County Register will eliminate 102 positions because of decreased circulation and revenue, the newspaper reported Wednesday.

-- Martin Thompson (mthom1927@aol.com), October 18, 2001.

Alcan Inc. is planning to cut up to 3,600 jobs worldwide in a restructuring plan that aims to save the company US$200-million a year.

The Montreal-based company, which is the world's second largest aluminum producer, yesterday disclosed it wants to lay off between 5% and 7% of its total workforce of 52,000 due to weak metal prices and a poor economic outlook.

-- Martin Thompson (mthom1927@aol.com), October 18, 2001.

Financial Post

Contract electronics assembler Celestica Inc. is cutting about 8,700 jobs from its worldwide workforce and shuttering 20% of its manufacturing space as a slowdown in computer sales filters down the manufacturing chain.

-- Martin Thompson (mthom1927@aol.com), October 18, 2001.

Oct 18, 2001 Modine Manufacturing closing 6 plants. Unknown number of layoffs.

Oct 18, 2001 A. O. Smith cutting 10% of workforce.

-- Paul (skypilot99@aol.com), October 18, 2001.

Oct 18, 2001 WebMD closed.

Oct 18, 2001 Modem Media laid off another 22.

Oct 18, 2001 NetLibrary.com closed.

Oct 18, 2001 Penguin Computing laid off 75%

Oct 18, 2001 Agency.com's i-traffic.com laying off.

Oct 18, 2001 ZonaFinanciera.com closed.

Oct 18, 2001 Netclerk.com laid off most of their employees.

Oct 18, 2001 Goldman Sachs cut 25 - 30% of their investment bankers.

-- Paul (skypilot99@aol.com), October 18, 2001.

Globe and Mail Update

CTV Inc. said Thursday it will eliminate 150 jobs — mostly of them in Toronto — as part of a bid to increase efficiency and trim overlapping services.

About 20 per cent of the jobs being cut are now vacant as a result of a hiring freeze imposed last summer, the company said. CTV has about 3,200 employees across the country.

-- Martin Thompson (mthom1927@aol.com), October 18, 2001.

Time Inc. Fires Mailroom Staff By Seth Sutel AP Business Writer Thursday, Oct. 18, 2001; 6:27 p.m. EDT

NEW YORK –– Time Inc., a major magazine publisher, abruptly fired all of its mailroom staff Thursday and announced that an outside firm was hired to deliver all mail and packages.

-- (CAkidd_94250@yahoo.com), October 18, 2001.

Thursday October 18 6:30 PM ET Sycamore Announces 240 Layoffs By JUSTIN POPE, AP Business Writer

BOSTON (AP) - An optical networking company that made billionaires of its founders after its initial public offering said Thursday it would lay off 240 workers, or 25 percent of its work force, and would be stuck with a charge of as much as $210 million this quarter.

-- (CAkidd_94250@yahoo.com), October 18, 2001.

ATLANTA (October 18, 2001 10:12 a.m. EDT) - BellSouth Corp. said Thursday it will cut 3,000 jobs to trim costs as it confronts a slowing economy and increased competition.

-- Martin Thompson (mthom1927@aol.com), October 19, 2001.

Rolls-Royce to cut 5000 jobs Aero engine giant Rolls-Royce has announced 5000 job losses in the wake of the September 11 terrorist attacks.

The firm said the cuts would mean 3800 workers will go in the UK, and 1200 redundancies overseas. Rolls-Royce employs a total of 43,000 workers.

-- Martin Thompson (mthom1927@aol.com), October 19, 2001.

Austin-based Trilogy Inc. has notified an unidentified number of employees they will be laid off within the next month, according to company executives.

Trilogy spokesman Reed Byrum says the layoff will affect fewer than 120 employees and would be spread across the company's business units and corporate staff. He declined to reveal the exact number.

-- Martin Thompson (mthom1927@aol.com), October 19, 2001.

Austin Business Journal Staff A sharp turnaround at Austin's M2K has resulted in the advertising firm laying off all but four employees, founder and CEO Rob McEwen says.

-- Martin Thompson (mthom1927@aol.com), October 19, 2001.

Japan's biggest electronics maker, Hitachi, has said it will axe a further 1,100 posts from its semiconductor business, on top of 14,700 job cuts announced in August. The new job cuts represent less than 1% of Hitachi's 340,000-strong global workforce, but highlights the firm's continuing struggle to turn around the money-losing chip division.

There may yet be further job cuts in other units, a Hitachi spokeswoman said.

-- Martin Thompson (mthom1927@aol.com), October 20, 2001.

TyCom Slashes 600 Jobs

EXETER, N.H. (AP) - Tyco International Ltd. announced Friday it is buying the 11 percent of TyCom Ltd. it doesn't already own in a deal worth approximately $864 million.

Under the agreement, TyCom shares would be converted into 0.3133 of a Tyco share, representing an increase over the conglomerate's initial offer earlier this month of 0.2997 for each TyCom share.

Tyco already owns 89 percent of TyCom's shares and the remaining stake represents about 56 million shares. The deal, which values TyCom shares at $15.42 - a premium of 4.5 percent - is based on Tyco's closing price Thursday of $49.20.

It also comes one day after TyCom, an undersea fiber-optic cable supplier, laid off 600 workers, representing about half of its work force in New Hampshire. TyCom, a subsidiary of Tyco, blamed the cuts on a slowdown in the telecommunications industry and the sluggish economy.

-- (CAkidd_94250@yahoo.com), October 20, 2001.

Friday October 19 9:25 AM ET Club Med to Close Some Resorts

PARIS (AP) - Club Mediterranee will temporarily close a number of resorts around the world to shore up profits in the aftermath of the Sept. 11 attacks in the United States, the French leisure group said Friday.

-- (CAkidd_94250@yahoo.com), October 20, 2001.

CHILDERSBURG, Ala. (AP) -- Officials at a wood products company said they would lay off 300 mill workers by the end of the year to modernize amid a downturn in the economy.

Greenville, S.C.-based Bowater Inc., which produces newsprint, wood pulp and other lumber products, will eliminate the positions at its Coosa Pines mill near Childersburg, said Gordon Manuel, a company spokesman.

-- Martin Thompson (mthom1927@aol.com), October 21, 2001.

SEATTLE POST-INTELLIGENCER REPORTER

Just 19 days after closing a $55 million venture round, Seattle-based Aventail has chopped 20 percent of its staff.

The privately held company, which helps large corporations conduct business over the Internet, laid off 45 employees on Thursday.

-- Martin Thompson (mthom1927@aol.com), October 21, 2001.

Oct 22, 2001 Iomega laying off 1,250 people.

Oct 22, 2001 WebRx closed.

Oct 22, 2001 NetRadio.com closed.

Oct 22, 2001 Rolls-Royce is laying off 5,000 people

Oct 22, 2001 InfoSpace.com will be laying off hundreds.

Oct 22, 2001 MusicPlex.com laid off their of most engineering staff.

Oct 22, 2001 Bolt.com laid off 24 of their board moderators.

Oct 22, 2001 WrestleLine.com closed.

Oct 22, 2001 Polycom laying off 20-30%.

Oct 22, 2001 iWon laying off 40%

Oct 22, 2001 Medialab laid off 70.

-- Paul (skypilot99@aol.com), October 22, 2001.

Oct 22, 2001 Lexmark laying off 1600 employees.

Oct 22, 2001 Merrill Lynch offering its 65,000 employees early retirement package. This is probably part of earlier announced plan to lay off 10,000 employees.

-- Paul (skypilot99@aol.com), October 22, 2001.

SAN ANTONIO, Texas—SBC Communications Inc., the No. 2 U.S. local telephone company, on Monday posted a slight rise in quarterly operating profits, and said it would cut several thousand jobs and slash capital spending by about 20 percent amid the weak economy and stiff competition.

-- Martin Thompson (mthom1927@aol.com), October 22, 2001.

Monday, October 22, 2001; 3:32 PM

Net2000 Communications Inc. announced today it will lay off an additional 400 people, or 60 percent of its remaining staff, close its sales offices in its Northeastern region, and scale its network back to its four original markets.

-- Martin Thompson (mthom1927@aol.com), October 22, 2001.

ST. LOUIS (AP) - Emerson Electric Co. is cutting 4,000 jobs, or 10 percent of its salaried work force, and will close about 20 of its 350 plants worldwide because of a decrease in customer demand and a downturn in the economy aggravated by last month's terrorist attacks.

-- Martin Thompson (mthom1927@aol.com), October 23, 2001.

Oct 23, 2001 AT&T to lay off 2400 employees.

Oct 23, 2001 5 companies alert state of Wisconsin that layoffs are coming.

C.G. Bretting Manufacturing laying off 150 in December.

Northern Automotive Systems 126 indefinitely laid off.

ABC-NACO closing plants in Superior and Ashland, laying off 90. Chapter 11 bankruptcy.

IKE International Corp. cutting 44 of 110 employees.

Flambeau Corp. pugging Sun Prairie plant on "stanby status" and laying off 64 employees.

-- Paul (skypilot99@aol.com), October 23, 2001.

Oct 23, 2001 ABC.com laid off rest of staff. 59 laid off.

Oct 23, 2001 ClickRadio.com laid off all 140 employees.

Oct 23, 2001 Goldman Sachs is shutting down Mexico operations.

-- Paul (skypilot99@aol.com), October 23, 2001.

Oct 23, 2001 Disney World - Thousands of salaried workers at Walt Disney World were asked Monday to cut their work week to 32 hours as the company stepped up cost-cutting efforts. The move will mean 20% less in their paychecks for 7,400 workers at Disney's parks, hotels and administrative offices. Disney also trimmed the hours of some attractions and restaurants and fired an unspecified number of contract workers. The company's higher-paid employees join the ranks of the attraction's 40,000 hourly workers, who have seen their work schedules sharply reduced. About 1,000 salaried Disney World workers were laid off before Sept. 11.

Oct 23, 2001 U.S. News & World Report has cut salaries by up to 10% & laid off 13 staff members.

-- Paul (skypilot99@aol.com), October 23, 2001.

TOKYO, Oct. 24 — Japanese electronics giant Fujitsu Ltd. disclosed plans Wednesday to cut an additional 4,600 jobs as it posted a first- half loss and warned it expects a bigger loss the previously projected for the full year because last month’s terror attacks could worsen the global economic slowdown.

-- Martin Thompson (mthom1927@aol.com), October 25, 2001.

Australia's biggest chemical company, Orica Ltd, has flagged further job cuts nationwide after shedding 280 jobs from its head office in Melbourne.

-- Martin Thompson (mthom1927@aol.com), October 25, 2001.

NEW YORK (CNNmoney) - Sears Roebuck & Co. reported lower third- quarter profits Wednesday that met reduced forecasts on Wall Street, but the nation's No. 2 retailer said it will cut 4,900 jobs in a bid to cut costs and overhaul its 860 stores.

-- Martin Thompson (mthom1927@aol.com), October 25, 2001.

10/25/01

The Buffalo Board of Education voted Wednesday night to lay off 433 teachers and 124 other employees. The move will eliminate the district's $28 million budget gap, but will result in larger classes, far less help for struggling students and chaotic personnel changes at the city's 80 schools.

-- Martin Thompson (mthom1927@aol.com), October 25, 2001.

NEW YORK - Bank of America Corp. , the No. 3 U.S. bank holding company, said yesterday it plans to cut 600 jobs from its global corporate and investment bank unit, or about 7.5% of the unit's staff, as the slowing economy saps companies' appetite for new stock offerings and mergers.

The cuts will come over the next two quarters and vary by region, a spokesman said. The Charlotte, N.C.-based bank joins most other securities firms in slashing expenses and staff to shore up profits in a prolonged market downturn.

-- Martin Thompson (mthom1927@aol.com), October 25, 2001.

Oct 26, 2001 Flextronics 10,000

Oct 26, 2001 Fujitsu The 4600 Martin listed make total of 21,000 - 11%

Oct 25, 2001 Eastman Kodak 4000

Oct 26, 2001 Level3comm. 300

Oct 26, 2001 Homestore.com 700

Oct 25, 2001 KPN cutting jobs

Oct 25, 2001 Oni Systems 16%

-- Paul (skypilot99@aol.com), October 25, 2001.

Oct 26, 2001 Hallmark Channel laid off employees.

Oct 26, 2001 SGI round of layoffs. Bankruptcy close.

Oct 26, 2001 Viacom's MTV's MTVi's Sonicnet's "Radio Sonicnet" closed.

Oct 26, 2001 Zaplet laid off 40 or 28%.

Oct 26, 2001 Napster first layoffs - 16 of 104 people.

Oct 26, 2001 Pivotal.com 150 jobs.

-- Paul (skypilot99@aol.com), October 26, 2001.

FRANKFURT - Thomas Cook AG, Europe's second-biggest travel firm, said yesterday it would slash about 2,600 jobs and cut its airline capacity by almost a quarter as booking demand fell after the Sept. 11 attacks.

-- Martin Thompson (mthom1927@aol.com), October 27, 2001.

Tribune staff reporter Published October 26, 2001, 2:05 PM CDT

Consumer foods giant Kraft Foods Inc. said today it plans to eliminate 1,000 jobs from its workforce of 117,000 through voluntary retirements based on increased benefits.

-- (CAkidd_94250@yahoo.com), October 27, 2001.

FRIDAY OCTOBER 26 2001 Luck of Las Vegas runs out for 15,000 LAS VEGAS BY MARTIN FLETCHER ISABEL Alavez took a gamble and thought she had won the jackpot. The diminutive 32-year-old Mexican quit her Californian nannying job, moved to Las Vegas and landed a job in the MGM Mirage casino paying an hourly $10 (£7) for distributing cards that record how much money customers have pumped into slot machines so big spenders can be rewarded with food and drink.

“I thought I was going to be rich,” she said. But then her luck ran out.

The September 11 terrorist attacks on New York and Washington left America’s entertainment capital reeling. Its visitors vanished. She is now one of 15,000 cleaners, waitresses, bellhops, dealers, croupiers and limousine drivers laid off by the giant casino hotels that line the fantasy world of the famous Las Vegas Strip.

-- (CAkidd_94250@yahoo.com), October 27, 2001.

By DIANE WEDNER, TIMES STAFF WRITER

Homestore.com Inc., the Internet's largest supplier of home-sale listings, announced Thursday that it is slashing as many as 700 jobs, or about 20% of its work force.

-- (CAkidd_94250@yahoo.com), October 27, 2001.

160 to lose jobs at Art Technology

By Ross Kerber, Globe Staff, 10/26/2001

Art Technology Group Inc. yesterday said it will lay off about 160 employees and has shifted chief executive Jeet Singh to the new job of co-chairman of its board of directors.

-- (CAkidd_94250@yahoo.com), October 27, 2001.

Thursday October 25 1:43 PM ET CoorsTek Announces 300 Job Cuts

GOLDEN, Colo. (AP) - CoorsTek officials blame a downturn in the semiconductor and telecommunications industry for 300 job cuts over the last three months.

``We have been and are continuing to enact stringent cost-cutting measures, which include work force reductions and facility consolidations and closings, to ensure our ability to weather the current economic storm,'' said chief executive officer John Coors.

The most recent layoffs, announced Wednesday, bring CoorsTek's total job cuts for the year to 1,260 workers, or 30 percent of its work force.

-- (CAkidd_94250@yahoo.com), October 27, 2001.

Thursday October 25 4:06 PM ET Cox Interactive to Cut 70 Jobs

ATLANTA (AP) - Cox Interactive Media, which runs city-guide Web sites in 22 markets, plans to lay off 70 of its 450 workers nationwide because of weak advertising.

-- (CAkidd_94250@yahoo.com), October 27, 2001.

Thursday October 25 6:17 PM ET Continental Avoids Some Layoffs

HOUSTON (AP) - Continental Airlines expects to avoid 3,500 layoffs from the 12,000 job cuts it announced in the aftermath of last month's terrorist attacks, company officials announced Thursday.

The airline said Thursday that 3,500 workers have decided to take advantage of Continental's voluntary leave of absence program or an early retirement initiative.

-- (CAkidd_94250@yahoo.com), October 27, 2001.

Friday October 26 11:44 AM ET

Number of Mass Layoffs Rises in September

NEW YORK (Reuters) - Mass layoffs by U.S. firms surged in September from the same period one year ago, with manufacturing accounting for the largest share of job cuts, the government said on Friday.

The U.S. Bureau of Labor Statistics (BLS) said there were 1,316 layoff actions, in which 50 or more workers lost their jobs last month, up 41 percent from September 2000 -- the most mass layoffs for any September since the series began in April 1995.

In 2000, initial claims for unemployment insurance totaled 1,836,000 and workers have already filed 1,723,176 claims so far this year. The manufacturing sector accounted for 37 percent of all mass layoffs, compared with 34 percent in the same period one year earlier, the BLS said.

``I don't see any reason given the current scenario why we would expect the last three months to show an improvement,'' said Lewis Siegel, economist at BLS. ``It's probably going to be a record- breaking year.''

The mass layoff data for September includes three weeks of initial claims filings that took place after the Sept. 11 attacks, Siegel said.

Airlines and hotels reported the greatest number of initial claims of any industry in September, as consumers' appetite for tourism and travel eroded in the immediate aftermath of the attacks.

``What has yet to be reflected in the data is how problems in those industries have spilled over into other areas,'' Siegel said.

California reported the largest number of initial claims filed in mass layoff actions, 54,267, followed by Nevada with 10,762 layoffs mostly in the hotel and motel industry.

The monthly BLS figures confirm a troubling negative trend in the once-robust U.S. labor market, which was suffering considerably even before Sept. 11, and that is continuing in October. The government reported on Thursday that initial claims increased by 8,000 to a seasonally adjusted 504,000 for the week ended Oct. 20.

The U.S. unemployment rate has been rising this year, reaching 4.9 percent in August and remaining at that level in September.

-- (CAkidd_94250@yahoo.com), October 27, 2001.

Saturday, October 27, 2001

BOCA RATON -- Sensormatic Electronics Corp. will cut 180 jobs in a phased-in layoff during the next six months, company officials said Friday.

-- Martin Thompson (mthom1927@aol.com), October 27, 2001.

Weyerhaeuser to cut jobs at MP plant John V. Pennington, staff writer The Sentinel-Record

MOUNTAIN PINE - Weyerhaeuser Co. announced Friday that it will permanently close lumber operations at its Mountain Pine plant by the end of the year, eliminating between 90 to 100 hourly and salaried jobs.

-- (CAkidd_94250@yahoo.com), October 27, 2001.

Oct 28, 2001 Hershey Foods closing 3 plants. Laying off 400 of 14,000.

-- Paul (skypilot99@aol.com), October 28, 2001.

Oct 29, 2001 Expedia stopped publishing magazine, "Expedia Travels."

Oct 29, 2001 NewPatient.com closed.

Oct 29, 2001 ClearChannel, third largest owner of radio stations in country, is dismantling their Internet division. Dozens laid off.

Oct 29, 2001 Lightyear Communications laying off most technical staff

Oct 29, 2001 Webgain.com layoffs.

-- Paul (skypilot99@aol.com), October 29, 2001.

END OF THREAD

GO TO

Layoffs XVIII

-- Martin Thompson (mthom1927@aol.com), October 30, 2001.