MCI WorldCom moves quickly on costs; layoffs could hit 3,750 as Ebbers slims down newly merged carrier

Article Abstract:

MCI WorldCom plans to lay off up to 3,750 employees as part of significant cost reductions following WorldCom's recent $37 billion acquisition of MCI. The telecommunications giant, fulfilling CEO Bernard J. Ebbers' pledge to make swift cutbacks, had announced that it sought to slash $2.5 billion in 1999 expenses. A central move consists of blending the MCI and WorldCom networks, which anonymous executives said will lower expenses in voice and data traffic transmissions. Insiders said the layoffs announcement, which would reduce 3% to 5% of the Jackson, MS-based company's staff, probably will begin as early as mid-Dec 1998. Other moves include efforts to lower general overhead costs by $900 million, such as instructing employees to seek the least expensive expenses available. MCI WorldCom has local-telephone access to 70% of US businesses operations.

Labor force information, Telecommunications, Telephone Communication, Human resource management, Telecommunications services industry, Telecommunications industry, WCOM, Company restructuring/company reorganization, Reorganization and restructuring, MCI Inc.

---

Two top DaimlerChrysler executives leave company to join Ford Motor

Article Abstract:

The German-influenced, more bureaucratic culture at DaimlerChrysler may be the reason for two additional executives leaving, this time for Ford Motor Co. Sr. VP of platform engineering, Chris P. Theodore, and VP international manufacturing and minivan-assembly operations, Shamel T. Rushwin, each took VP positions. Earlier departures were Steven Harris who went to GM and Dennis Pawley who retired.

Comment:

Chris Theodore and Shamel Rushwin leave DaimlerChrysler

Executive changes & profiles, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Motor Vehicles and Equipment, Officials and employees, Automobiles, Abstract, Ford Motor Co., Transportation equipment industry, F, Daimler AG

---

Similar abstracts:

• Abstracts: Motorola sees low earnings; stock tumbles; company plans to exit Apple clone market. Motorola sees profit missing forecasts; stock price drops 11% in late trading
• Abstracts: MCI and Worldcom set for Telefonica alliance. A convert to the cult of the deal. A Cuisinart of phone technology fails to whip up enthusiasm
• Abstracts: America Online kicks off latest drive for members with new wave of disks. For those who scoff at Internet commerce, here's a hot market; raking in millions, sex sites use old-fashioned porn and cutting-edge tech; lessons for the mainstream
• Abstracts: Seagram sale of Tropicana may be private Albertson's plans to buy American Stores American Stores: Next on supermarket shopping list?
• Abstracts: Learning Co. agrees to buy Broderbund. EMC posts rise of 47% in net, 33% in revenue. Electronic Arts agrees to acquire maker of PC games

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.