Hong Kong's Hutchison to cut 750 jobs at mobile telephone business
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Hong Kong conglomerate Hutchison Whampoa said it will cut 750 jobs at its mobile telephone business in the city to maintain its competitiveness by trimming operating costs and generating savings.
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Motorola Inc. , the world's second-biggest mobile phone maker, said it expects to cut an additional 4,000 jobs, bringing the total to 7,500 this year, as it works to reduce costs to return to profit.
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Motorola Inc. MOT.N, the world's No.  2 maker of cell phones, on Tuesday said it would cut 1,000 jobs  in three of its units as it puts its effort behind wireless  communications in an increasingly competitive market.
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AT&amp;T Corp. announced yesterday that it is cutting at least 7,500 more jobs and slashing the value of its assets by $11.4 billion, drastic moves prompted by the company&#39;s plan
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Cingular Wireless, the nation&#39;s largest cellphone company, will cut about 10 percent of its 68,000 jobs over the next 12 to 18 months as it combines operations with the recently
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AT&amp;T Corp. announced Thursday that it is cutting at least 7,500 more jobs and slashing the value of its assets by $11.4 billion, drastic moves prompted by the company&#39;s plan to retreat from the traditional consumer telephone business.
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Sprint Nextel , the No. 3 U.S.  mobile service, said on Friday it would cut about 4,000 jobs  within the company, close 125 stores and reduce its use of  outsourced services to improve its financial performance.
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Cingular Wireless will cut about 7,000  jobs, or 10 percent of its work force, to cut costs as it  integrates recently purchased AT&T Wireless, the company said  on Tuesday.
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HONG KONG (Dow Jones)--Goldman Sachs has lowered its valuation of Hutchison Telecom International Ltd. by 20% to US$5 billion ahead of its Oct. 14 listing, the local Chinese-language newspaper Apple Daily reports.
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- Motorola Inc.  said it expects to cut an additional 4,000 jobs as it continues to lower costs.
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Motorola Inc. , the world&#39;s  second-biggest mobile phone maker, said it expects to cut an  additional 4,000 jobs, bringing the total to 7,500 this year,  as it works to reduce costs to return to profit.
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Nokia Corp., the world's biggest mobile phone maker, said Tuesday it plans to lay off "a few hundred" research and development workers globally, including up to 250 in Finland, in a move to cut costs.
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IBM Corp. said Wednesday it cut 1,753 jobs, mostly in its U.S. technology-services unit, as part of a continuing operations overhaul.
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NEW YORK -- Marsh &amp; McLennan Cos. Inc., the world's biggest insurance brokerage, said yesterday it will cut 750 jobs, consolidate some locations, and revamp its information technology structure to cut costs.
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SBC Communications Inc. expects to eliminate about 13,000 jobs after its $16 billion acquisition of AT&amp;T Corp. closes, but the phone company said yesterday that many positions can be cut through attrition.
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AT&amp;T Corp. said it will cut one-fifth of its work force this year -- or 7,400 more jobs -- and write down $11.4 billion of assets as the phone company retreats from the residential business it once dominated.
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut about 7,000 jobs and reduce the value of its assets by $11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.