Word: slashe
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...NEVER A PRETTY SIGHT. But few could imagine how grim until International Business Machines announced its most traumatic cutbacks to date. In its fifth major restructuring in the past seven years, the world's largest computer company plans to shed more unprofitable and ill- fitting businesses in 1993 and slash its work force 8%, or 25,000 employees. The latest round of reductions will include the first involuntary layoffs in the company's 78-year history and will result in a $6 billion pretax charge for the fourth quarter...
...turned towards me, reached out a hand towards my neck, held for about two seconds and then I ran off. There was a slash in my jacket from the razor blade," she said...
Armed with banners and belligerence, some 40,000 European farmers marched on the seat of the European Parliament in Strasbourg, France. Contending that trade agreements would slash a source of their livelihoods, government subsidies, the farmers burned effigies of the principal U.S. and European trade negotiators. A smaller, satellite protest pelted police with a fusillade of cobblestones, paint and eggs -- the last presumably a product of those beloved subsidies...
...loss of 50 administrative and support staff positions from 1991-1992, and a projected 20 more by 1993, will slash $2.5 million from the budget...
...round of negotiations, but at the last minute a proposed settlement was scuttled over a plan to cap annual oilseed production in Europe. The E.C. agreed to reduce the production limit from 12.5 million tons to 11 million tons but refused to accede to American requests to slash it again to 8.5 million tons. It was this standoff that finally drove Hills to take action...