News In Brief

Dell Computer the world's No. 1 PC maker, will cut another 3,000 to 4,000 jobs and force other employees to take unpaid time off, the company said. The layoffs come on top of 1,700 cuts announced in February. Dell said the latest reductions will occur over six months in sales, marketing, and engineering, and will affect management and support services mostly near its headquarters in Round Rock, Texas.

Carter-Wallace, a leading maker of cosmetics and pharmaceuticals, will be broken into halves and sold for a combined $1.15 billion, the company announced. Its personal-care products division - featuring such brands as Arrid deodorant, Nair, and First Response pregnancy tests - will go to a partnership led by Princeton, N.J.-basedChurch & Dwight Co., the maker of Arm & Hammer baking soda. Its healthcare business will go to the Carlyle Group of Washington, DC, and two other buyers. Carter-Wallace is based in New York.

In other layoff news:

* NTT East and NTT West, the operating divisions of Japan's giant Nippon Telegraph & Telephone Corp., were refusing to confirm published reports that they will eliminate 60,000 jobs. But a company spokesman acknowledged that the two would "cut the number of our staff over the next three years" and impose salary reductions of up to 30 percent for remaining employees.

* Terra Lycos SA, the Internet service provider formed from the takeover of Lycos by Spain's Terra Networks last October, said it will cut 15 percent of its work force, or slightly more than 500 employees. The company controls a network of more than 140 Web sites in 20 languages.

(c) Copyright 2001. The Christian Science Monitor

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK