SBC to trim its work force 6 percent by the end of 2005
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SBC Communications Inc. plans to cut at least 10,000 jobs, or 6 percent of its work force, by the end of next year to compensate for a drop in the number of local-telephone customers.
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Bank of America Corp. (NYSE: BAC) plans to cut about 2.5 percent, or 4,500 jobs from its workforce, and it&#39;s unclear how those cuts will affect Austin employees.
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Â· Flanagan unveils scheme to save 6m hours a yearÂ· Plan to scrap 40-question 'stop and account' form
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By JORDAN ROBERTSON, Associated Press writer  SAN JOSE, Calif.  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  about 10 percent of its work force  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.
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Delta Air Lines Inc. DAL.N said on  Wednesday it would cut 6,000 to 7,000 jobs, or about 10 percent  of its work force, over the next 18 months and drop Dallas/Fort  Worth as a hub as it tries to avert bankruptcy.
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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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COMPUTER Associates International has announced a restructuring plan that will reduce its work force by 800 people worldwide, saving the company $US70 million ($97 million) annually once the plan is fully implemented.
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General Motors Europe announced yesterday that it will cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving US$617 million per year.
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Troubled company will trim 5% of work force due to stiff competition, soft business software market. NEW YORK  - Computer Associates said Wednesday it would cut its work force by 800 jobs, or 5 percent
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SBC Communications SBC.N will cut  10,000 jobs from its workforce through the end of 2005 using  attrition and involuntary cuts, the company said in a filing  with U.S. market regulators on Friday.
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Delta will cut up to 10 percent of its work force over the next 18 months as part of a restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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National Semiconductor Corp.  NSM.N on Thursday said it would cut about 6 percent of its  work force to reduce costs amid a chip supply glut, and will  book severance charges of between $22 million and $26 million.
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The scandal-beset company will also lay off about 10 percent of its work force.
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The reduction of a little more than 6 percent of its work force was part of a cost-cutting program designed to save $700 million by 2009.
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Bank of America said today it will cut about 2.5 percent of its work force beginning this month as a result of its merger with FleetBoston.
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Sun Microsystems Inc. ,  which has struggled in recent years to remain profitable and  boost revenue, said on Wednesday it would cut as many as 5,000  jobs, or 13 percent of its workforce, over the next six months.
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Charlotte-based Bank of America Corp. will slash 4,500 positions from its work force, or about 2.5% of its payroll. The company expects to incur charges of $150 million over three quarters, beginning in the third quarter, from severance payments.