Alstom to cut 3,000 jobs, mainly in power unit
Paris: French heavy engineering firm Alstom said on Friday it plans to cut close to 3,000 jobs, mainly in its Power Turbo-Systems division as it reins in costs to help avert a cash crunch.
Back to News Review index page  

Alcatel to cut 650 jobs in Alcatel Space unit
Paris: French communications equipment maker Alcatel said on Friday that it would cut 650 jobs at its Alcatel Space unit, part of the company's ongoing restructuring efforts.
Back to News Review index page  

American Airlines CEO resigns
Texas: The chairman and chief executive of American Airlines resigned as labour leaders and negotiators for the carrier agreed to a sweetened package of cost cuts in an effort to keep the company out of bankruptcy.
Back to News Review index page  

Siemens cautious after Q2 sales, profit fall
Bournemouth: Siemens said on Thursday many of its businesses were on track for 2003 targets but cautioned about slow spending in major markets after posting a fall in second quarter profit and sales.
Back to News Review index page  

Sony's profit misses target as demand slows
Tokyo: Sony Corp, the world's largest consumer electronics maker, reported on Thursday that its profits fell far short of targets in the latest business year as worries over war in Iraq and other dampers on demand offset the performance of hot games and films.
Back to News Review index page