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Many cut underperforming members of struggling divisions and adjust bonuses for the remaining staff.
The losses stemmed partly from the cost of restructuring several struggling divisions, including the Chrysler Group, Freightliner and Mitsubishi of Japan, in which it owns a 37percentt stake.
Alcoa, the world's largest aluminum producer, reported a wider-than-expected fourth-quarter loss yesterday, hurt by weak demand for aluminum and charges for an overhaul that will include the elimination of 8,000 jobs and the sale of struggling divisions.
That could help struggling divisions like Sony's handset-making venture with Ericsson, which is losing ground even in its stronghold of high-end mobile phones.
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Getting involved with a struggling division may not be the wrong decision, said Richard Greenfield, a media analyst at Fulcrum Global Partners.
Two games remained against struggling division rivals the Bills and the Jets, with just a solitary win required to secure a postseason berth.
THE makeover of Lowe & Partners Worldwide, the struggling division of the Interpublic Group of Companies, could accelerate as the agency considers hiring a well-known senior executive from Ogilvy & Mather Worldwide, part of the WPP Group, for a new post.
It's not the only struggling division.
Recent history has been brutal for Japanese chip makers, and Renesas — formed from the struggling chip divisions of its major shareholding companies, Hitachi, Mitsubishi Electric and NEC — will be trying not to repeat mistakes of the bankrupt Elpida Memory.
The sale is part of the turnaround strategy of chief executive Antony Jenkins, who wants to restore profitability by selling off some of its struggling European divisions and cutting costs.
News Corp is currently preparing to hive off is struggling publishing division into a separate company and to rename the lucrative entertainment division.
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