|
COPYRIGHT 2001 The Dallas Morning News
Byline: Vikas Bajaj
Mar. 28--Telecommunications giants Nortel Networks Corp., Ericsson Inc. and Nokia Oyj announced further job cuts Tuesday, saying a sluggish economy was forcing them to trim costs and retool.
The companies, which have their U.S. headquarters in the Dallas area, have already cut thousands of jobs so far this year and some analysts say this may not be the last of the carnage.
Nortel said first-quarter losses would be greater than previously thought and it would dismiss 5,000 more workers by the middle of the year, bringing its total cuts to 15,000....
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
