Northrop Grumman plans additional job cuts

Article Abstract:

Northrop Grumman said the commercial aircraft division wil face job cuts of 2,100 by the end of 2000 as part of an expenses-reduction plan. The job downsizing forms part of the firm's plan to cancel 8,400 jobs by the end of 2000 because the B-2 stealth bomber program is about to end. Most of the job loss, which will be felt in California, will cause a 15% decrease in the defense contractor's workforce. Other divisions, however, will be faced with additional jobs of 2,500. Northrop Grumman said it had to extend to 2003 its objective of surpassing $12 billion in annual revenue because commercial aircraft production was affected by economic problems in Asia.

Comment:

Says the commercial aircraft division wil face job cuts of 2,100 by the end of 2000 as part of an expenses-reduction plan

Aircraft Manufacturing, Commercial Aircraft, Northrop Grumman Corp.

---

FedEx pilots mull Christmas strike

Article Abstract:

FedEx pilots union has agreed to ask 3,200 members for permission to stage a strike weeks before the start of the firm's Christmas shipping season. The union, FedEx Pilot Association, expects to count the votes by November 20, 1998. The call for a strike has been prompted by lack of progress in contract negotiations between the union and the company. The company averages 3.1 million packages a day, but that is expected to increase by 10% to 20% during the Christmas season.

Comment:

Pilots union agrees to ask 3,200 members for permission to stage a strike weeks before start of firm's Christmas shipping season

Freight Transportation Arrangement, Freight Forwarders & Consolidators, Freight transportation industry, FedEx Express

---

Phones, devices in cars probed

Article Abstract:

The National Highway Traffic Safety Administration is launching a major study into electronic driving distractions which include cellphones, Internet devices and dashboard navigation systems. The agency declared that 44% of drivers have cellphones, 3% have the ability to get faxes and 7% have e-mail access. The study has been fueled by growing concern over the amount of electronic equipment in cars and the increasing number of accidents caused by driver distraction.

Other Motor Vehicle Electrical and Electronic Equipment Manufacturing, Government regulation, Automotive Electronics NEC

Similar abstracts:

• Abstracts: CEO sees consumers getting personal with Palms. Web sites help newbies take big step. CEO of Tandy tunes in on fix for RadioShack
• Abstracts: Some schools to surf Net to cut costs of suplies. Terrorism takes toll on many industries
• Abstracts: Product development can fill prescription for success. CEO rises above severe dyslexia. An outside view of U.S. scandal, sky-high pay
• Abstracts: Snooping necessary, unapologetic Oracle CEO says. Software firms scramble to sell online services
• Abstracts: More empty rooms means higher rates at Marriotts. Hotel guests finding fewer free rides to Internet. Ritz-Carlton opens with training tradition

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