BA to cut further 8,000 jobs - paper

Airline seeks to slash overheads by £300 million By Friedel Rother, FTMarketWatch.com 2:45:00 PM BST Sep 9, 2001 LONDON (FTMW) - British Airways [UK:BAY] [US:BAB] is planning to cut up to 8,000 jobs over the next three years as it attempts to cut costs, the Sunday Times reported. The airline's chief executive, Rod Eddington, is said to be considering a further 10 to 15 percent reduction in its 58,000 strong workforce, the paper said.

On Wednesday, BA said it would lay-off 1,800 people and looking at other significant cost cutting measures, after its August traffic figures showed a double-digit fall. The news caused a 2 percent drop in the share price as investors feared that the airline will report a poor second quarter result. The September quarter is traditionally BA's most profitable period of the year. See more on BA job cuts

The airline wouldn't comment on the move, but did tell the Sunday Times that more jobs would be lost after the financial year ends in March, 2002.

Overhead cuts

The paper also quoted BA's head of investor relations, George Stinnes, who pointed out that BA had slashed 25 percent of its capacity but just 3 percent of jobs. He said that although job cuts would not necessarily match declines in capacity, 3 percent was quite small by comparison.

Meanwhile, an article in the Observer says that BA is looking to reduce its overhead by £300 million this year and next year. The paper also claims that BA has plans to cancel various short and long-haul routes as well as ground five jumbo jets.

Analyst reports have helped to set the stage for more cutbacks at BA. Deutsche Bank and HSBC downgraded their ratings on the airline last week while several others, including Morgan Stanley and Lehman Brothers significantly reduced their 2002 pre-tax profit estimates. See more on analyst cuts to BA

However, the gloomy outlook may not stop BA's pilots from seeking a pay rise. The Sunday Business quoted airline sources saying that the pilots' union was ready to ask for salary increases in the range of 7 percent next month.

http://cbs.marketwatch.com/enf/ftmarketwatch.asp?guid=%7BF94015AE%2DD863%2D4624%2D9B8D%2DB08D0B884B56%7D&link=http%3A%2F%2Fwww%2Eftmarketwatch%2Ecom%2Fnews%2Fstory%2Easp%3Fguid%3D%257BF94015AE%252DD863%252D4624%252D9B8D%252DB08D0B884B56%257D

-- Martin Thompson (mthom1927@aol.com), September 09, 2001

Answers

THE ROANOKE TIMES

Roanoke-based Optical Cable Corp. dismissed 27 production employees, or 12 percent of its work force, the first layoff in company history.

-- Martin Thompson (mthom1927@aol.com), September 09, 2001.

Two furniture manufacturers with Martinsville operations announced layoffs this week.

American of Martinsville said Friday it will lay off 120 workers at its Martinsville and Chilhowie plants, while Hooker Furniture said Thursday it's cutting 100 workers at its Martinsville plant.

-- Martin Thompson (mthom1927@aol.com), September 09, 2001.

Sep 10, 2001 Michelin laying off 2000.

Sep 10, 2001 Qwest laying off 4000.

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

Sep 10, 2001 Red Herring magazine firing 28 people, switching from twice-monthly to monthly

Sep 10, 2001 Organic laid off more from San Francisco office. Included in the cuts was the Quality Assurance department

Sep 10, 2001 MTV Networks may lay off up to 25% soon.

Sep 10, 2001 Loudcloud laid off another 40.

Sep 10, 2001 eCloser.com closing soon.

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

MINNEAPOLIS (September 10, 2001 7:09 p.m. EDT) - Valspar Corp. on Monday said it plans to eliminate another 350 jobs and shut down seven more plants.

The layoffs, which will affect five percent of its work force, are part of a restructuring plan following last summer's acquisition of Indianapolis-based Lilly Industries Inc. The company employs 6,500 workers. Valspar also said it will partially close four plants.

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

New York, Sept. 10 (BridgeNews) - Teltronics Inc. is consolidating the company's research and design divisions at its Salt Lake City facility. The company will cut 19 jobs at its Dallas facility to save $2 million annually. Teltronics also cut some staff at its Petaluma facility to reduce operating cost by about $1 million annually.

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

Isreal Automated optical inspection equipment maker Camtek (Nasdaq: CAMT) is to reduce its work force by 14 percent and cut top management's pay by 10 percent, according to a company announcement today.

The company, which is based in Migdal Ha’emek, makes equipment to detect flaws in computer circuit boards.

Camtek said it would reduce its staff to 250 from 290 by year-end. It plans to take a third-quarter charge of $3 million for a restructuring and for its purchase of computer chip inspector Inspechtech.

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

COBLESKILL, N.Y. -- The Guilford Mills textile plant will close Nov. 8, the company announced Monday.

The approximately 500 employees of the garment maker will lose their jobs with Guilford, company spokesman Rich Novak said. They will receive 90 days of additional medical and life insurance, he said.

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

Sep 11, 2001 GATEWAY -again- ceasing all operations in Ireland & United Kingdom. Laying off 1050 employees.

Sep 11, 2001 Fujitsu laying off 720 from some division of theirs.

Sep 11, 2001 Newport another 10% or 170 employees laid off.

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

Sep 11, 2001 DoubleClick laying off another 300

Sep 11, 2001 Netfolio closed.

Sep 11, 2001 VA Linux Systems laid off remainder of their software engineering and professional services business units. Only 100 people left from high of over 600.

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

Sha'alu Shalom Yerushalyim - Pray for the Peace of Jerusalem....and America...

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

Midway Airlines out of business. Final 1700 laid-off.

-- Rachel Gibson (rgibson@hotmail.com), September 14, 2001.

BOSTON--Teradyne Inc., the biggest maker of semiconductor-testing equipment, will cut 1,000 jobs and reduce some employees' pay as the chip-equipment industry works through its worst sales slump.

After the job cuts, Teradyne will employ 8,000 people, the Boston- based company said. Salaries of higher-paid employees will be reduced as much as 15 percent though salaries of lower-paid workers won't be cut.

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

Sep 15, 2001 Continental laying off or furloughing 13,000 employees due to terrorist attack and anticipated lower travel.

Sep 15, 2001 Northwest airlines cutting 20%

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

Monday, September 17, 2001 CanWest Global Communications is cutting 120 jobs at its flagship National Post newspaper and killing the daily's weekend arts magazine, Saturday Night.

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

Job fears grow after Virgin axes 1,200

The British workforce is suffering from the effects of the US terrorist crisis after Virgin Atlantic axed 1,200 jobs.

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

US Airways Group Inc. said it expects to cut about 11,000 jobs, or 24 per cent of its work force, as it reduces capacity by 23 per cent in the wake of last week's terrorist attacks in New York and Washington, D.C.

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

Sep 17, 2001 CDNow going to lay off hundreds.

Sep 17, 2001 Engage.com closed.

Sep 17, 2001 Netcentives laying off 50 & getting delisted from Nasdaq.

Sep 17, 2001 BarPoint.com's staff will be laid off by end of the month.

Sep 17, 2001 uNext.com laying off 135 people or 42%.

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

FRANKFURT, Germany (September 18, 2001 9:54 a.m. EDT) - Commerzbank AG, Germany's fourth largest bank, said Tuesday that it may cut up to 10 percent of its 40,000 workers, seeing no sign of business improving after its earnings plunged in the first half.

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

Sep 17, 2001 UAL (United I believe) furloughing 20,000.

Sep 17, 2001 Draesner (spelling) Bank laying off 1200.

Sep 17, 2001 America West 2000.

Sep 17, 2001 Virgin Atlantic 1200.

Sep 17, 2001 Masabe (spelling) laying off.

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

Tuesday, September 18, 2001 10:09 AM ET FRANKFURT -- Germany's third-largest bank, Dresdner Bank AG, said Tuesday it plans to cut a further 1,300 jobs and to slash administration costs by 15% by 2003 -- moves it hopes will save it some 1.3 billion euros ($1.2 billion) annually.

Meanwhile, the country's fourth-largest bank, Commerzbank AG, said it could possibly cut up to 10% of its 40,000 work force, but it hadn't yet decided on the exact number. However, Germany's largest bank, Deutsche Bank AG, denied a press report that it is about to cut between 12,000 and 15,000 jobs.

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

Aug 19, 2001 Boeing laying off up to 31,000.

Aug 19, 2001 Midwest Express laying off 450. (smaller airline in Milwaukee).

-- Paul (skypilot99@aol.com), September 19, 2001.

FRANKFURT. Lufthansa, the German flag carrier, will cut an unspecified number of jobs due to a slowdown following last week's terror attacks in the United States, a spokesman said on Wednesday after a meeting of the airline's supervisory board.

Lufthansa will achieve the cuts through attrition -- not layoffs, spokesman Thomas Jachnow said. He would not specify how many jobs would be lost, or how soon.

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

NEW YORK (CNNfn) - AMR Corp. the world's largest airline company and owner of both American Airlines and Trans World Airlines, became the latest carrier to announce deep staff reductions as it cut 20,000 employees Wednesday.

The carrier said that the reduction is due to the 20 percent cut in its schedule for the foreseeable future in the wake of last week's terrorist attacks.

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

SANTA CLARA, Calif. (CBS.MW) -- 3Com reported a $232 million net loss for its fiscal first quarter and said on late Wednesday it will cut an additional 1,000 jobs, or 14 percent of staff.

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

SAN FRANCISCO (September 19, 2001 7:19 a.m. EDT) - Internet search pioneer AltaVista Co. announced another shake-up Tuesday in its struggle to survive, with the hiring of a new chief executive and a 30 percent cut in its work force.

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

Sep 19, 2001 Honeywell laying off additional 3000 for a total of 12,000.

-- Paul (skypilot99@aol.com), September 20, 2001.

Sep 19, 2001  Agency.com laid off about 200 people.

Sep 19, 2001 Excite may file chapter 11 bankruptcy this week or next.

Sep 19, 2001 Auctionwatch.com laid off 50-75% of its staf

Sep 19, 2001 ISP Verio, office and data center closures, 750 fired.

Sep 19, 2001 Bowstreet laid off another 80. Down to 130 (from 300)

Sep 19, 2001 Biztravel.com closing.

Sep 19, 2001 AltaVista.com laid off 160. 340 left.

-- Paul (skypilot99@aol.com), September 20, 2001.

Sep 20, 2001 Eastman Kodak unspecified number of layoffs.

Sep 20, 2001 3Com 2000 I believe.

Sep 20, 2001 Applied Materials 8000 I believe.

Sep 20, 2001 Tower Automotive layoffs.

-- Paul (skypilot99@aol.com), September 20, 2001.

LONDON (AP) -- British Airways announced Thursday it would cut another 5,200 jobs, or about 9 percent of its work force, and reduce operations by 10 percent because of an expected slowdown in air travel following terror attacks in the United States.

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

Sep 21, 2001 EMC laying off 2400.

Sep 21, 2001 Fujitzu closing Ireland chip plant. Firing 338.

Sep 21, 2001 Northwest in discussions to lay off massive amount.

-- Paul (skypilot99@aol.com), September 21, 2001.

Sep 21, 2001 Cnet laid off engineers & sales people

Sep 21, 2001 iChat will file bankruptcy next few weeks.

Sep 21, 2001 Icarian.com laid off over half of staff.

Sep 21, 2001 Artist Direct laid off 22.

-- Paul (skypilot99@aol.com), September 21, 2001.

Sep 22, 2001 Northwest Airlines laying off 10,000.

Sep 22, 2001 Delta will announce huge layoffs next week.

Sep 22, 2001 New York Hotels have laid off 3000 due to crash in tourism.

Sep 22, 2001 New York Hyatt official expects to lay off additional 1600 in Hyatt hotels in N. Y.

Sep 22, 2001 News report last night: New York businesses (shops, etc) have laid off thousands due to drop in tourism.

Sep 22, 2001 4 Broadway plays in New York closed due to drop in attendance due to terrorism attack. 6 more plays "in trouble."

-- Paul (skypilot99@aol.com), September 21, 2001.

UK

Viasystems blamed a severe recession in the telecom and datacom markets for the decision to call in the receivers, which threatens 1,600 jobs at its factories in North Tyneside and South Shields.

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

Sep 23, 2001 Goodby, Silverstein & Partners, ad agency, laid off.

Sep 23, 2001 Hotline Communications closed.

Sep 23, 2001 EZ2Get.com, conglomerate of 37 formerly profitable independent food delivery companies closed.

Sep 23, 2001 Rare Medium will close their NY office any day now

Sep 23, 2001 PR Newswire laid off 40

Sep 23, 2001 House of Blues laid off.

Sep 23, 2001 Etensity.com is filing bankruptcy.

Sep 23, 2001 JobOptions.com closed.

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

Sep 24, 2001 BMG fired 800 people

Sep 24, 2001 Upside Magazine shut down their website

Sep 24, 2001 Keen.com laying off 30

Sep 24, 2001 Biztravel.com closed.

Sep 24, 2001 Kinko's laying off 50% from their corporate office

Sep 24, 2001 Airhead laid off one-third.

-- Paul (skypilot99@aol.com), September 24, 2001.

Honeywell announces 3,800 more job cuts in aerospace industry

September 24, 2001

MORRIS TOWNSHIP, N.J. (AP)--Honeywell International announced Monday that its job cuts this year will total 15,800.

-- Martin Thompson (mthom1927@aol.com), September 24, 2001.

TORONTO (AP) A Canadian charter airline cut 800 jobs Monday and without government assistance other airlines ared expected to announce layoffs as well because passengers are staying away after the Sept. 11 terrorist attacks on New York and Washington.

Transat AT, the parent company of Air Transat, said it was eliminating 500 other jobs at operations outside Canada and Europe. Beginning Nov. 1, Air Transat said it would freeze salaries for union workers and cut management pay by as much as 20 percent.

-- Martin Thompson (mthom1927@aol.com), September 24, 2001.

Sep 25, 2001 6 European airlines in danger of folding. Also, British Airlines is in bad shape.

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

Sep 25, 2001   90 comments  ass-so-comfy Herman Miller laying off 750 of 10,000 jobs.

Sep 25, 2001 Modem Media's NYC office has closed. 40 laid off. Another 12 given choice of Connecticut or lay off.

Sep 25, 2001 O'Reilly & Associates laid off 50

Sep 25, 2001 Deepend gone into liquidation, laid off all 180 employees.

Sep 25, 2001 MatchLogic.com closed.

Sep 25, 2001 Nowdocs.com laid off 75 of their 84 employees. 9 folks staying to close it down.

Lowestfare.com laid off 90%

Sep 25, 2001 Reciprocal laid off 68 of 100 employees, Remaining employees warned will be fired in 3 weeks if company not sold soon...

Sep 25, 2001 Exodus is bankrupt.

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

SEATTLE (September 25, 2001 6:21 p.m. EDT) - Facing weaker sales made worse by the economic impact of the Sept. 11 terrorist attacks, Nordstrom announced Tuesday it will cut jobs across the company and reduce hours for some sales employees at its clothing stores.

The company would not disclose how many jobs are being cut. Spokeswoman Shasha Richardson said the reductions would affect employees at stores across the country, but it's not yet clear whether corporate jobs would also be affected.

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

AUSTIN, Texas (CBS.MW) -- After the market closed on Tuesday, online business information provider Hoover's said it will reduce its work force by 20 percent as part of a plan to reach profitability by the end of March.

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

Sep 26, 2001 AMD laying off 2,300 folks. 15%, Closing two plants.

Sep 26, 2001 LivePerson.com laid off 10%

Sep 26, 2001 Neomar.com laid off 17 people or 25%

Sep 26, 2001 iFilm laid off

Sep 26, 2001 Charles Schwab - Big layoffs soon?

Sep 26, 2001 About.com laid off 60. Also terminated 300 of their guides

Sep 26, 2001 Zeborg laid off 25 people from the LA Office.

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

Air Canada, Bombardier slash workforces WebPosted Wed Sep 26 09:53:56 2001 TORONTO - Air Canada and Air Canada Regional are cutting another 5,000 jobs, a move it says is the direct result of September 11th's terrorist attacks on the U.S.

It's also cutting 20 per cent of its services. One thousand of the jobs cuts will take place at regional outlets.

The company already announced 4,000 layoffs in August.

-- Martin Thompson (mthom1927@aol.com), September 26, 2001.

TORONTO (CP) - General Motors Corp. will close the only auto assembly plant in Quebec a year from now, ending years of speculation about the fate of the underused factory which employs about 1,200 people. Tuesday's announcement "means the end of the auto industry per se in Quebec," said Canadian Auto Workers union president Buzz Hargrove

-- Martin Thompson (mthom1927@aol.com), September 26, 2001.

Textron Cuts 2, 500 More Jobs

PROVIDENCE, R.I. (AP) -- Textron Inc., owner of Cessna single-engine aircraft and Bell commercial helicopters, reduced its earnings forecast Wednesday for the third and fourth quarters and said it would cut 2,500 more jobs. Its shares skidded more than 18 percent in early trading.

-- Andre Weltman (aweltman@state.pa.us), September 26, 2001.

First USA Bank is cutting 90 positions in its primary bank operations in response to improved customer service and a desire to cut costs, a spokeswoman said today.

The Wilmington-based credit-card subsidiary of Bank One Corp. is eliminating 70 positions in Wilmington, with the rest coming in other facilities across the country,

-- Martin Thompson (mthom1927@aol.com), September 26, 2001.

UK

A leading aerospace firm is to axe 2,000 jobs, adding to gloom in the industry in the aftermath of the US terrorist attacks, it was announced today. Shorts of Belfast said 890 jobs will be cut before next February and a further 1,100 were expected to be cut in the new year.

-- Martin Thompson (mthom1927@aol.com), September 26, 2001.

EVERETT, Wash. (September 25, 2001 2:32 p.m. EDT) - Airplane inspection and maintenance company Goodrich Corp. will cut as many as 450 jobs - a quarter of the company's 2,021 employees at its Everett plant - because of less work following the terrorist attacks two weeks ago, the company says.

-- Martin Thompson (mthom1927@aol.com), September 26, 2001.

Airline Caterer to Lay Off Workers Source: AP Online

9/26/01 4:26:00 PM

ARLINGTON, Texas (AP) LSG Sky Chefs, the largest U.S. airline caterer, said Wednesday it would lay off up to 4,800 employees, or 30 percent of its U.S. work force, because of flight and food-service cutbacks by airlines.

-- Martin Thompson (mthom1927@aol.com), September 26, 2001.

Sep 27, 2001 Air Canada cutting 5,000 more workers. Total now 12,500. Grounds 84 planes.

Sep 27, 2001 Martin listed current list of airline related layoffs. It is really bad:

Boeing 30,000

AMR (American, TWA) 20,000

United 20,000

Delta up to 13,000

Continental 12,000

US Airways 11,000

Northwest 10,000

British Airways 7,000

Air Canada 5,000 (Addition to 4,000 previously announced)

Bombardier 3,800

SwissAir 3,000

Textron 2,500 (in addition to 5,000 previously announced)

America West 2,000

Sabena 2,000 (tentative)

Midway 1,700 (shutting down)

Virgin Atlantic 1,200

Scandinavian Airlines System 1,100

Midwest Express 450.

British Airways cutting 190 weekly flight or 10% of its weekly flights, including 36 flights to the United States. They already announced 7,000 job cuts.

-- Paul (skypilot99@aol.com), September 27, 2001.

Sep 27, 2001 Industry Standard website closed.

Sep 27, 2001 MusicBuddha.com laid off all employees

Sep 27, 2001 Figleaf laid off 20%

-- Paul (skypilot99@aol.com), September 27, 2001.

Dana Corp. will idle nearly 120 local employees - its third layoff action this month - as nervous consumers tighten their grip on spending.

The Toledo-based auto parts supplier said it will cut 117 hourly jobs at its Fort Wayne plant Friday because of declining customer demand, company spokesman Tim Schira said Wednesday.

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

Thursday September 27 7:48 PM ET Skinner Macaroni Plant to Close

OMAHA, Neb. (AP) - The plant where the nation's first raisin bran cereal was produced will close next year.

The Skinner Macaroni Co. plant will close by the end of March, its parent company, New World Pasta Co., said Wednesday.

The closing will reduce costs and increase efficiencies so the company can remain competitive, said chairman John Denton. The move eliminates the jobs of 73 hourly and 19 salaried workers. The first job eliminations are planned mid-December.

-- (CAkidd_94520@yahoo.com), September 27, 2001.

Thursday September 27 6:55 PM ET Milacron to Cut 800 More Jobs

CINCINNATI (AP) - Milacron Inc. said Thursday it will eliminate nearly 800 more jobs by the year's end, doubling the number of cuts previously announced.

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

Thursday September 27 9:15 AM ET Agfa-Gevaert Lays Off 4,000

ANTWERP, Belgium (AP) - Photographic products maker Agfa-Gevaert NV said Thursday it plans to lay off 4,000 employees - 20 percent of its global work force - under a three-year restructuring program.

-- (CAkidd_94520@yahoo.com), September 27, 2001.

September 27, 2001 Regional-Jet Makers to Slow Expansion; Bombardier Plans to Cut 3,800 Positions By Christopher Chipello and Andy Pasztor

Staff Reporters of The Wall Street Journal

Leading makers of regional jets, the small, two-engine planes that enjoyed a growth spurt in recent years, are scaling back expansion plans because of the Sept. 11 attacks.

-- (CAkidd_94520@yahoo.com), September 27, 2001.

By Ann O'Hanlon Washington Post Staff Writer Thursday, September 27, 2001; Page B01

Loss of Jobs at National Altering Budgets, Lives Estimated 4,000 of 10,000 Workers Laid Off

Among Abdelwaheb Belhaj's problems are these: He looks like Osama bin Laden, or so a friend told him. He lost his job as a ramp agent at Reagan National Airport and has no new source of income in sight, except a small unemployment check. And that forced him to give notice on his Spartan efficiency in Alexandria, the $800-a-month rent now seeming a small fortune.

-- (CAkidd_94520@yahoo.com), September 27, 2001.

Lucent to eliminate 900 more jobs

Cuts to hit plant in North Andover

By Peter J. Howe, Globe Staff, 9/27/2001

Continuing a wave of cutbacks at its landmark North Andover telecommunications plant, Lucent Technologies said yesterday it is aiming to eliminate another 900 of the 3,700 remaining jobs there through a package of enhanced severance benefits

-- (CAkidd_94520@yahoo.com), September 27, 2001.

Sep 28, 2001 General Motors going to announce more cuts.

Sep 28, 2001 United Techologies making more cuts.

Sep 28, 2001 ArvinMeridor (sp) cutting 350.

Sept 28, 2001 Morgan Stanley making 150 more cuts at investment banks.

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

September 28, 2001 Clarent Plans to Cut 50% of Work Force, Lowers 3rd-Quarter Revenue Estimates By a Wall Street Journal Staff Reporter

REDWOOD CITY, Calif. -- Clarent Corp. said it is laying off 50% of its work force, or 350 employees, and slashed its third-quarter revenue estimates after accounting irregularities and other problems at the company.

-- (CAkidd_94520@yahoo.com), September 28, 2001.

By Renae Merle Washington Post Staff Writer Friday, September 28, 2001; Page E05

Motley Fool Inc., the Alexandria firm that offers personal finance information over the Internet and other media, will be laying off about half of its 187 employees, according to a source within the company.

-- (CAkidd_94520@yahoo.com), September 28, 2001.

By Dana Hedgpeth Washington Post Staff Writer Friday, September 28, 2001; Page E01

Marriott International Inc. is drawing up contingency plans for layoffs and reduced work schedulesthat could affect up to 20 percent of its 3,900-member headquarters staff, company and industry sources said.

-- (CAkidd_94520@yahoo.com), September 28, 2001.

SAN JOSE, Calif. (September 28, 2001 12:58 p.m. EDT) - Semiconductor maker Atmel Corp. announced Friday it will cut 26 percent of its work force and take a one-time, pretax charge of up to $500 million in the third quarter.

The company said the downturn in the microchip industry triggered the 2,500 job cuts.

-- Martin Thompson (mthom1927@aol.com), September 28, 2001.

Now in all these layoffs that are going on. Are these companies going to be replacing all these people they are losing or are those departments and jobs now lost for good, are these companies shrinking?

-- Brent Nichols (b-nichol@ihug.co.nz), September 28, 2001.

Sep 28, 2001 Excite@Home: Bankrupt.

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

Not necessarily a layoff, but it's a reduction overall nonetheless. Perhaps, a prelude of things to come?

Friday September 28 4:26 PM ET Freightliner Cuts Pay for Nonunion

PORTLAND, Ore. (AP) - Freightliner has cut back pay and benefits for thousands of nonunion workers in another sign the largest commercial truck maker in North America is struggling.

The company said Thursday it will cut pay by 5 percent, require medical and prescription drug co-payments and scrap this year's bonus for 13,100 nonunion employees, including 1,800 in Portland

-- (CAkidd_94520@yahoo.com), September 29, 2001.

Friday September 28 3:33 PM ET Morgan Stanley Seen Making More Job Cuts By Greg Cresci

NEW YORK (Reuters) - Morgan Stanley (NYSE:MWD - news), one of Wall Street's premier investment banking firms, is set to implement another round of job cuts that would include investment bankers, a source familiar with the situation said on Friday

-- (CAkidd_94520@yahoo.com), September 29, 2001.

RIO DE JANEIRO, Brazil -- Embraer, the world's fourth-biggest aircraft maker, said Friday it would lay off 1,800 workers, or 14 percent of its staff, as plane deliveries are falling sharply after the U.S. airborne suicide terrorist attacks.

-- Martin Thompson (mthom1927@aol.com), September 29, 2001.

Sep 29, 2001 Latest estimate on news: Over 110,000 layoffs in NEW YORK as direct result of terrorist attack.

Sep 29, 2001 United Airlines to cut flight further...6% more. Previously reduced capacity by 20%. This could mean another round by other airlines.

Sep 29, 2001 Bank of New York joined growing list of financial institutions warning they will miss third-quarter earnings. Banks are in serious trouble here and in Japan especially.

Sep 29, 2001 Praxair cutting 900 jobs or 4% of workforce.

Sep 29, 2001 Atmel cutting 2500 jobs or 26% of workforce.

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

END OF THREAD

GO TO

Layoffs XVI

-- Martin Thompson (mthom1927@aol.com), September 29, 2001.