From 2010 to 2011, the company's sales dropped nearly 20percentto to $14.4 billion, while it cut its workforce by 12percentto to about 41,000.
In 2008-09 it cut its workforce by 10% and its dividend by 51%.Jeff blows down the house that Jack builtMr Immelt has run GE since 2001 and bears a hefty responsibility for the mess.
To tighten its belt for the challenges ahead, the firm said it cut its workforce by 12%.
Since its completion, Hasbro has had more trouble: its shares are worth far less than Mattel bid for them, and last year it said it would cut its workforce by 20%.
In October, Illumina said it would cut its workforce by 8 percent.
Dubai World announced last month it had cut its workforce by 15%.
Right now, asset sales would be distressed and wouldn't get the best price". Dubai World announced last month it had cut its workforce by 15%.
During that time it has cut its workforce, slashed pay and pensions and reduced the number of its flights, all of which helped it turn a record profit for the year ending in March.
JDS Uniphase, a market leader in fibre optics for high-speed telephony, announced a $1.3 billion loss for its third quarter and said it would cut its workforce by a fifth.
The mining giant Anglo American became the latest victim of the rout in commodity prices, saying it would cut its workforce by 85,000, suspend its dividend and radically restructure the business.
In the meantime, the port agency has said it will cut its workforce by 45%.As well as attracting capital to spend on their own infrastructure, Brazil's rail firms need to encourage investment in road-rail interchange terminals, especially if they are to win more business transporting manufactured goods, for which margins are much higher than they are in shifting bulk commodities.
