本文发表在 rolia.net 枫下论坛Jun. 29, 2001. 09:41 AM

ALLENTOWN, Pa. (AP) - Agere Systems,
the semiconductor business recently spun off
from Lucent Technologies, said today it will
slash 4,000 more jobs to cope with a
downturn in the communications market.

The move comes on top of the 2,000 jobs
the company said in April it would eliminate.
After the job cuts are complete, the
company's total workforce will be about
12,500 employees.

expects to take a charge of up to $900 million US to cover costs of the
restructuring, with $725 million of it taken in this quarter.

As part of its restructuring, the company is looking for a buyer for its chip
fabrication plant in Madrid, where it expects to discontinue operations by
the end of the year. It is also reviewing its manufacturing capacity at its
facilities in Orlando, Fla., and Allentown, Breinigsville and Reading, Pa.

In addition, Agere will consolidate several satellite manufacturing sites as
well as leased corporate offices.

Agere also announced that its revenues in the quarter would be about
$920 million, which is below the $950 million that the company had
expected.

''We built our business to serve a growing market, which is instead
deteriorating,'' said John Dickson, president and CEO of the Allentown,
Pa.-based company.

Agere is a leading producer of semiconductors and optical components for
computer and phone networks as well as other communications
equipment.更多精彩文章及讨论，请光临枫下论坛 rolia.net

本文发表在 rolia.net 枫下论坛CEO calls action 'very disappointing'
VANCOUVER (CP) - Struggling
telecommunications company 360networks
Inc. has filed for protection from creditors
under Canadian and U.S. bankruptcy laws.

The company said late Thursday that it still
has $155 million US in cash and short-term
financial assets on hand, and "expects to use
these funds to maintain service to existing
customers in Canada and the United States,
and to complete key segments of its North
American network.''

360networks (TSE: T.TSX) has filed under the Companies' Creditors
Arrangement Act in the Supreme Court of British Columbia, while
American subsidiary 360networks (USA) Inc. and 22 affiliates filed under
Chapter 11 of the U.S. Bankruptcy Code in New York.

The company said it has arranged for up to $100 million US in
debtor-in-possession financing to continue its operations.

It "also intends to consider additional proposals to enable it to obtain the
best available terms and is examining other strategic alternatives, including
asset sales,'' a corporate statement said.

"We are taking these steps to restructure our business and financial
position in a difficult telecommunications environment,'' stated Greg Maffei,
the former Microsoft chief financial officer who is president and chief
executive officer of 360networks.

"While very disappointing, we believe today's filings provide us the best
opportunity to reorganize and operate our core business.''

In addition to the Canadian and U.S. filings, 360networks said it intends to
initiate insolvency proceedings for European subsidiaries.

The company also announced the resignation of seven board members.更多精彩文章及讨论，请光临枫下论坛 rolia.net

本文发表在 rolia.net 枫下论坛June 29, 2001: 7:42 a.m. ET

ALLENTOWN, Pa. (Reuters) - Agere Systems Inc. said Friday it was cutting
another 4,000 employees, or about 25 percent of its work force, and
expected to take up to $900 million in charges as it restructures its business
to cope with the severe downturn in the semiconductor industry.

The Allentown, Pa.-based optical components maker, a former unit of Lucent
Technologies Inc., said the job reductions were in addition to the 2,000
employees that had been laid off from the company in April.

Of the $900 million in charges, about $725 million will be recorded in the
company's third quarter ending in June, with the rest being taken in
subsequent quarters. Agere (AGR.A: Research, Estimates) said it expects
annual pretax savings of $520 million from these actions.

In addition, the company said it expected third-quarter revenues to be about
$920 million, below the low end of the company's original guidance of $950
million. It also expects a third-quarter loss of 8 cents a share, excluding
amortization and all the above charges. Including these charges, the loss is
expected at 30 cents a share.

Before the April job cuts, the company had a total work force of about
18,500, the company said.

Agere, which Lucent (LU: Research, Estimates) split off in March, rose 13
cents to $5.99 Thursday. Lucent fell 11 cents to $5.76.更多精彩文章及讨论，请光临枫下论坛 rolia.net

本文发表在 rolia.net 枫下论坛HELSINKI (AP) - Nokia, the world's biggest cellphone maker, announced
plans today to cut as many as 1,000 jobs in its network operations worldwide
to improve efficiency and competitiveness in a weakening global market.

The layoffs will be made gradually but are expected to be completed by the
end of the year, Nokia said. The Nokia Networks division employs 23,000
while Nokia in total has sales in 130 countries and 60,000 employees.

Earlier this month, Nokia announced it will cut 300 jobs at a phone production
plant in Bochum, Germany, and gave a profit warning for the second quarter.

Arja Suominen of Nokia said most of the layoffs will be made abroad, with
some 200 job cuts in Finland.

''The central question is that we are adjusting ourselves to market conditions,
and in this way aiming to maintain our competitiveness in the long term,''
Suominen said.

Until recently, Nokia maintained optimism amid an industry slowdown and
largely had avoided the layoffs and losses announced by its chief rivals, LM
Ericsson of Sweden and No.2 mobile phone maker, U.S.-based Motorola.

But two weeks ago, it said an economic downturn in the United States - its
main market - had spread to other regions and ''the wireless economy as a
whole.''

Nokia lowered its expectations for revenue growth from the 20 per cent
predicted in April to less than 10 per cent for the three-month period ending
June 30. It also said its earnings per share would be between 12 and 14 cents
instead of its earlier estimate of 17 cents.

In March, the Finland-based company announced 400 job cuts in its network
operations, and it laid off 800 people in Texas as it transferred some cell phone
production to South Korea and Mexico.

Last year, it sold 128 million handsets, 64 per cent more than in 1999. Its net
profit in 2000 was $3.5 billion (U.S.), up 50 per cent from the previous year.更多精彩文章及讨论，请光临枫下论坛 rolia.net