France Telecom to cut 8,000 jobs this year
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France Telecom plans to shed 8,000 jobs worldwide this year under planned retirement programmes and transfers of staff to the civil service, the company told AFP.
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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.
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut another 7,400 jobs and reduce the value of its assets by $11.4 billion, spurred by its retreat from traditional consumer
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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., the largest US long-distance telephone company, will eliminate 20 percent of its work force this year and write down $11.
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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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Deutsche Telekom, which has already announced that it would eliminate 32,000 jobs, plans to cut even more, chief executive Rene Obermann said Monday in an interview.
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NEW YORK (CP) - AT&amp;T is deepening its job cuts and now expects to eliminate 20 per cent of its workforce this year. The formerly dominant long-distance telecommunications operator also said Thursday it will
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The cellphone-network equipment maker said that it would cut up to 4,000 jobs, about 5.4 percent of its work force, after profit plunged 42 percent in the fourth quarter.
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Switzerland's main telecommunications operator, Swisscom, which has already announced 390 job cuts for next year, will continue to shed around 100 jobs per year in a bid to cut costs and improve profits, its chief executive said.
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Nortel Networks Corp.   will slash 2,900 jobs, or 8.5 percent of its workforce, over the next two years and shift another 1,000 employees to lower-cost locations like China, India and Mexico as North America's biggest maker of telephone equipment struggles to shore up its profits.
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Automaker BMW AG said Friday that it plans to cut thousands of jobs in 2008.
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Deutsche Telekom AG's mobile phone arm, T-Mobile, said Thursday it would likely shed 2,200 jobs &#151; about 10 percent of its work force &#151; in order to save &#36;195 million over the next two years. It said the cuts will be in Europe.
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US mobile phone giant Cingular announces plans to cut about 7,000 jobs in the next 12 to 18 months.
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Software maker Computer Associates  CA.N on Wednesday said it would cut 800 jobs, or 5 percent of  its work force, to cut costs amid weaker demand and falling  prices for software and services.
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AT&T Corp. T.N will cut another  7,400 jobs and reduce the value of its assets by $11.4 billion,  spurred by its retreat from traditional consumer telephone  services, the company said on Thursday.
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French telecommunications operator France Telecom is to pass into private hands, with the state cutting its stake below 50% to cut the national debt two years after helping the group dig itself out of a corporate debt crisis.