WorldCom to cut 2,000 jobs

Bankrupt
US telecoms group WorldCom is planning to cut 2,000 jobs in Europe, Africa and
the Middle East, including 750 in the UK.

BBC
News online reports that WorldCom will also cutback spending on its network
infrastructure, and close down unprofitable operations. The company hopes this
will allow it to return to profitability.

WorldCom
filed for bankruptcy protection in July after admitting that $3.85bn (£2.5bn)
in expenses were reported improperly.

In
August, the firm admitted finding a further $3.8bn  (£2.45bn) in accounting mistakes.

WorldCom
employs more than 3,000 people in the UK at its headquarters in Reading and
another site in Cambridge, but has not said how the cuts would be split between
the sites.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

The
company is planning to retain core retail, wholesale voice and data services in
the region.

By Ben Willmott