In one of 2001's heaviest days of layoff announcements:
United Technologies, which includes jet engine builder Pratt & Whitney, said it will cut 5,000 jobs over the next year because of the impact of the Sept. 11 terrorist attacks on the aerospace industry.
Unisys Corp. said 3,000 jobs, or 8.1 percent of its global workforce, will be cut from the payroll. The computer services provider is based in Blue Bell, Pa.
AT&T and British Telecom pulled the plug on Concert, the money-losing joint venture they set up two years ago to give large multinational clients a single service provider. The breakup means 2,300 workers will lose their jobs, the companies said.
The restructuring plan divulged earlier this year by General Motors' Opel division in Europe will involve 1,600 layoffs over the next two years, a senior executive said.
ASML, a leading maker of semiconductors for the lithography industry, announced 1,400 more layoffs to reduce its workforce by 23 percent by mid-2002. The company is based in Veldhoven, Netherlands.
Commerce One Corp. said it will shed 1,300 jobs, almost half its workforce. The Pleasanton, Calif., company supplies software for business applications.
American Standard announced the layoffs of 1,000 employees. The Piscataway, N.J.-based company makes plumbing equipment, air conditioners, and automotive systems.
Reuters Group, the global news and information agency, said it would lay off 500 more employees, bringing its total since early summer to 1,600.
Boeing suspended work on its 777-200LR, the longest-range jet in commercial aviation history, for at least 18 months. The company said it is searching for an airline willing to be the first customer. The 301-passenger plane is designed to fly 18-hour nonstop routes, such as from New York to major Asian cities. It is a new version of the twin-engine 777 jumbo jet.