Word: slash
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EVEN AS SEARS SLASHED ITS PAYROLL, THE RELENTless pace of layoffs and cutbacks sent America's commercial aviation companies into a tailspin. Faced with plunging airline orders, industry leader Boeing announced that it would cut production of its entire line of aircraft models, which analysts said could eliminate as many as 30,000 of the company's 130,000 jobs. At the same time, struggling McDonnell Douglas said it would slash 8,700 positions from the firm's commercial aircraft division, or 10% of the work force. And Pratt & Whitney, the jet-engine subsidiary of United Technologies, plans to pare...
...embattled presidential tenure. Woodrow Wilson was the toast of Europe at the end of World War I, but he was hated at home. Privy to pollsters, political payoffs and re-election bids, Presidents as a rule are too burdened to take bold stands. Unless he's able to slash the deficit and increase programs in a single bound, Bill Clinton won't achieve superpower status...
...companies, including Sun Microsystems and Compaq, have been reporting hefty profit increases and rolling out innovative products, IBM last week was announcing its most traumatic cutbacks to date. In the fifth major restructuring in the past seven years, it plans to shed more unprofitable and ill-fitting assets and slash its work force next year more than 8%, or an additional 25,000 employees. Only a year ago, IBM reorganized its operations into 13 semiautonomous units, called "Baby Blues." The latest round of cuts will include the first layoffs in the company's history and will lead...
...research and development $1 billion, or 17%, a move that prompted President-elect Bill Clinton to comment while leading a two-day economic conference in Little Rock. Though he conceded that IBM's cuts reflect the irresistible pressures facing U.S. manufacturers, he expressed concern about IBM's decision to slash investment in research and development. That kind of expenditure, said Clinton, is "the exact thing we don't want them to be cutting...
...Defense Slash, Shabby Secrets...