Wyeth mulls cost cuts, eliminating 10 pct of jobs
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Wyeth  on Friday said it is considering cost cuts that could eliminate 10 percent of its work force over a three-year period, although the U.S. drugmaker said details of the initiative are not "etched in stone."
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US Airways Group Inc. plans to eliminate "hundreds" of management and nonunion jobs and cut top executives' pay by between 5 and 10 percent.
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The job cuts are a part of the company&#39;s efforts to shift its focus to business services and cut costs amid the competitive long-distance telephone services market.
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DALLAS, Sept. 9 -- Electronic Data Systems Corp. could cut 15,000 to 20,000 jobs -- more than 10 percent of its workforce -- over about two years to help reduce costs by about $3 billion, chief executive Michael H. Jordan said Thursday.
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Nortel Networks Corp. will cut 10 percent of its workforce, or around 3,500 jobs, to reduce costs.
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As expected, the chipmaker announces 10,500 layoffs as part of a strategy to cut costs and regain momentum.
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The planned elimination of 800 jobs is part of a restructuring plan that will cost $40 million, the troubled firm says.
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Nortel Networks Corp. NT.TO said on  Thursday it will eliminate almost 10 percent of its workforce,  slightly less than it previously expected, and consolidate real  estate in a cost-cutting plan that will save $500 million in  2005.
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Cost cuts are part of its effort to avoid bankruptcy; CEO will skip salary for the remainder of &#39;04. CHICAGO  - Delta Air Lines said Tuesday it would reduce the pay of executives and frontline employees by 10 percent as of Jan.
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Apparel maker Liz Claiborne Inc.   is planning job cuts that could total as much as 10  percent of its workforce, the New York Post reported on its Web  site on Tuesday.
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Forget about cutting the size of bonuses: letâs start really thinking about the possibility of slashing jobs.
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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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SBC, the second-biggest US phone company, plans to cut more than 10,000 jobs, or about 6% of its workforce, by the end of next year.
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Nortel Networks Corp. NT.TO said on  Thursday it will eliminate almost 10 percent of its workforce,  slightly less than it previously expected, and vacate real  estate in a cost-cutting plan that will save $500 million in  2005.
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Delta Air Lines  on Wednesday said it plans to eliminate between 6,000 and 6,900 jobs during the next 18 months, implement a 10 percent across-the-board pay reduction and reduce employee benefits.
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Countrywide Financial Corp , the largest U.S. mortgage lender, plans to cut 10,000 to 12,000 jobs to cope with weakened housing demand, rising foreclosures, and tightening credit markets.
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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.