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Alcoa cut capital expenses and reduced its work force to reduce its loss.
The company had already cut 795 jobs, or 35percentt of its work force, to reduce expenses.
LaCrosse Footwear Inc. will lay off about 200 employees at its plant in LaCrosse, Wis., about 21percentt of its work force, to reduce escalating costs.
General DataComm Industries, based in Middlebury, Conn., said yesterday that it would cut 200 jobs, about 22percentt of its work force, to reduce costs.
ECI Telecom, Israel's largest telecommunications equipment maker, said yesterday that it would eliminate 400 jobs, or about 12percentt of its work force, to reduce costs.
The cuts are part of a previously announced plan to lay off about 4,000 employees, or 12.5percentt of the global work force, to reduce costs.
Similar(5)
Others have been forced to reduce their capacity.
Households will be forced to reduce their consumption spending.
They warn that they might be forced to reduce lending just when it is most needed.
"It's an attempt by coalition forces to reduce inflation," one customer theorized.
Some private schools have been forced to reduce their staffs or delay building restoration work.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com