Reports: AMR plans furloughs
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AMR Corp. plans to furlough as many as 1,100 employees in Kansas City and St. Louis, according to published reports late Friday. Free!
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FORT WORTH, Texas -- American Airlines says more job cuts are on the way after the airline had already planned about 1,000 layoffs.
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Yahoo Inc  is planning to  announce cutbacks later this month that will likely lead to  hundreds of job losses at the nearly 14,000 employee company, a  source familiar with the plan said on Monday.
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American Airlines&#39; parent AMR Corp. (AMR.N: Quote, Profile, Research) on Wednesday said record-high fuel costs pushed it to a hefty third-quarter loss and warned
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Intel will announce the results of an internal review of its operations next week that could result in thousands of layoffs at the company, according to published reports.
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KANSAS CITY, Mo. About 400 workers will lose their jobs at the American Airlines maintenance base in Kansas City, a union official said.
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Fort Worth, Texas - American Airlines, the world&#39;s largest, has announced plans to lay off 1 100 pilots, mechanics and other ground staff in the months to come, with more cuts in the future, as it struggles to reduce costs amid falling revenue.
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Yahoo Inc  is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said on Monday.
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Wal-Mart Stores Inc  is set to shake up its sluggish apparel unit by shutting two divisions at its Arkansas headquarters, eliminating dozens of positions and moving dozens more to New York, the New York Times reported on Wednesday.
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AMR Corp.'s American Airlines on Monday  said it will defer 54 of 56 Boeing aircraft deliveries  scheduled for 2006 to 2010, helping the world's largest carrier  postpone $2.7 billion in capital spending.
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Alcatel-Lucent said it plans further layoffs after its post-merger financial performance continued to disappoint.The company fleshed out its three-point plan for restoring profitability on Wednesday, including a renewed focus on products to help carriers transform their networks to an all-IP (Internet Protocol) infrastructure, a move from products to value-added services, and a more streamlined organization with fewer staff in support functions to eliminate post-merger duplication. It will cut a further 4,000 jobs by 2009, in addition to the thousands it has already shed, and hopes the moves will save it a further &#8364;400 million (around $575 million) by that date, it said.In another change, Alcatel will reduce its senior management team to seven members, from 11, and&#160;Chief Financial Officer Jean-Pascal Beaufret will leave, to be replaced by enterprise systems group head Hubert de Pesquidoux.Alcatel-Lucent&#39;s board has expressed its disappointment with the&#160;decline in performance&#160;since the Dec. 1&#160;merger of Alcatel and Lucent Technologies, but expressed its continued support for CEO Patricia Russo earlier this month. Russo has the board&#39;s support for her plan to restore the company to profitability, she said Wednesday.&quot;It&#39;s not a plan solely focused on cost. It&#39;s also focused on growth,&quot; she said in a conference call with analysts.As part of the plan, the company will simplify its regional structure, dividing the world into just two regions, the Americas and the rest. It will also pull out of between 10 and 20 countries where its margins are too slim to make a profit, Russo said. In those countries it will pursue &quot;an alternative strategy where we can continue to support customers but through different means,&quot; she said.For the quarter ended Sept. 30, the company reported revenue of &#8364;4.35 billion, a fall of 11.4 percent compared to the &#8364;4.91 billion that the two companies made a year earlier. Alcatel-Lucent provided comparable figures for the companies&#39; performance before their merger on Dec. 1.Currency fluctuations hurt the company&#39;s performance: the decline in revenue would have been 7.8 percent at constant exchange rates.Alcatel Lucent remains in the red, with a loss of &#8364;345 million this quarter, or &#8364;258 million excluding restructuring charges, compared to a comparable net profit of &#8364;532 million for the companies a year earlier.Alcatel-Lucent is still hoping for a &quot;solid ramp up in revenue&quot; in the fourth quarter, but seems less optimistic: it now says revenue for the full year will remain flat, rather than &quot;flat or slightly up&quot; as it predicted last month. The company offered no guidance on earnings for the full year.Revenue from the company&#39;s largest business segment, carrier networks, dropped 15.2 percent year on year to &#8364;3.14 billion, while operating profit for the segment fell from &#8364;389 million to &#8364;22 million. Alcatel-Lucent said the decline was exaggerated by the comparison with unusually strong sales of CDMA (code division multiple access) wireless networks in North America in the third quarter last year, as operators rushed to deploy a performance-enhancing software upgrade.The company has converged two of its three CDMA platforms since the start of the year, and expects to merge the remaining two by the third quarter of next year, Russo said. Going forward, it will focus research and development spending on new revenue opportunities such as the transformation of wireless networks to all-IP systems.As part of its restructuring, the company will eliminate a layer of management, merging the wireless, wireline and convergence networks divisions of the carrier networks business segment.Services revenue remained flat at &#8364;777 million, while operating profit in that sector fell to &#8364;40 million from &#8364;60 million a year earlier. The company sees services around the delivery of IPTV (Internet Protocol television) programming as a strong area.One bright spot was the company&#39;s enterprise networks business, where revenue rose to &#8364;380 million from &#8364;362 million a year earlier, with operating profit rising to &#8364;29 million from &#8364;24 million a year earlier. The move by businesses from traditional switched telephone systems to VOIP (voice over IP) on internal networks was a key driver, the company said.This article was updated with new information on October 31, 2007.
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As first reported by the Washington Post, America Online is expected to eliminate more than 700 jobs from its workforce next month. The majority of the layoffs will occur at AOL's Dulles, Virginia headquarters where nearly 5,000 are presently employed. Analysts cite AOL's dwindling subscriber base; however, a company spokesperson refused to validate that assertion. Officially, AOL has no comment.
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Whirlpool Corp  said on Thursday it planned to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million, while adding 875 jobs at two other plants.
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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America Online, the world&#39;s largest Internet service provider, is preparing to cut its workforce by more than 700 employees early next month to cut costs, The Washington Post reported on Tuesday.
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The AMR Corporation, the parent of American Airlines, said late Wednesday that it would probably not meet its revenue forecasts for the busy August travel season because
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LIVERPOOL was today braced for massive job losses after Royal &amp; Sun Alliance announced it was shifting 1,110 posts to India. A spokesman for the insurance firm said it was too