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.
The company also said last week that it would eliminate 4,000 to 5,000 jobs, or about 5percentt of its work force, to reduce expenses.
The Sabre Holdings Corporation, the largest travel-reservation company, said yesterday that it planned to cut 1,200 jobs, or 11percentt of its work force, to reduce costs.
The company has already extended buyout offers to its entire United States unionized work force to reduce their ranks by another 20,000 jobs.
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.
"We ended up having to use some larger ordnance out of our Air Force to reduce some of the buildings around here".
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.
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.
