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JAPAN'S NTT TO CUT 6,700 JOBS, SPENDING TO GEAR FOR COMPETITION.
AsiaPulse News
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March 01, 2001 |
COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
TOKYO, March 1 Asia Pulse - Nippon Telegraph and Telephone Corp. (TSE:9432)'s two regional units plan to trim a combined 6,700 jobs and curb capital spending by 9% in fiscal 2001, the NTT group said in a report released Wednesday.
NTT West Corp. and NTT East Corp. hope to be ready for intensified competition expected when new common carriers enter the local call market.
The units expect a combined pretax loss of 57 billion yen (US$486 million) in fiscal 2001, much lower than the 72 billion yen loss forecast for fiscal ...
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Source: HighBeam Research, JAPAN'S NTT TO CUT 6,700 JOBS, SPENDING TO GEAR FOR COMPETITION.