Corning to shed another 4000 jobs
Corning has just said it expects to cut an extra 4,000 jobs on top of the 8,000 jobs it shed earlier this year.
Corning, which has a plant in Australia, said it would shut down most operations at its five optical-fibre plants in late October. Corning's global payroll peaked at 43,000 early this year. By the end of 2001, job cuts could total about 12,000. The company did not say how many employees would be temporarily idled at its fibre plants in the USA; Wales; Germany; and Victoria, Australia.
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