Nortel axes 350 at Devon plant
Nortel Networks announced it has axed 350 jobs at its fibre-optics plant in Devon.
The move is part of the Canadian company's plans, announced earlier this year, to re...
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300 face the chop at Sun
Sun Microsystems is slashing 300 jobs in an attempt to reduce costs after experiencing lower than expected sales.
On 20 July the company reported a $1bn drop in fourth...
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Duck and cover: Airlines take over NATS
Two unions representing aviation workers have warned that the billion pound debt behind today's privatisation of the air traffic control system will endanger passenger sa...
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750 face chop at Scottish chip plant
NEC is making 750 people redundant following its decision to stop producing memory chips in Scotland.
The company has refused to confirm the cuts despite comments in t...
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Fujitsu suffers billion yen loss
Fujitsu expects to post a net loss of 220bn yen (£1.2bn) for the full year after recording a 42.3bn yen (£239m) operating loss in the first quarter.
After predicting a...
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5,000 more jobs to go at NTL
The UK's biggest cable operator NTL has announced plans to cut 5,000 more jobs and is contemplating the sale of its broadcast transmission business.
The company rushed...
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Scoot.com has one month to live
UK online directory firm Scoot.com has admitted it has only a month to live unless it receives further funding.
The company has also sold its 50 per cent stake in Scoo...
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BT unbundles 6,000 employees
BT is slashing up to 6,000 jobs after reporting a slide in operating profits during its quarterly results yesterday, but a reduction in its debt mountain.
The figure i...
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JDS Uniphase - $44.8bn down the plug hole
JDS Uniphase has turned in dire fourth quarter and full-year results with a Q4 pro forma loss of $477m on sales of $601m.
In addition, the optical components supplier ...
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i2 shares take a tumble
Software developer i2 Technologies saw its shares fall by 16 per cent at close of trade yesterday, after it announced it will slash 10 per cent of its workforce.
The c...
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