Business & Finance
The Chevrolet Camaro and Pontiac Firebird, two of the most popular sports cars in the US and Canada, no longer will be produced after the 2002 model year, General Motors announced. The Stainte-Thérèse, Quebec, assembly plant where both are made will close next September, the automaker said.
Renaissance Cruises ceased operations and is arranging to send home passengers and crew members already aboard its vessels, the company announced. People who have paid for future trips will receive full refunds, the announcement said. Renaissance had offered 7- to 22-day cruises from Fort Lauderdale, Fla., to Europe, Australia, the Mediterranean, and the Caribbean.
In another day of heavy layoff news, much of it related to the Sept. 11 terrorist attacks:
Delta Air Lines scheduled a news conference as the Monitor went to press, at which it was expected to announce thousands of job cuts and a reduction in its winter flight schedule.
Alitalia, Italy's national financially troubled carrier, said it would lay off 2,500 employees.
Bombardier, the world's largest manufacturer of rail-system equipment and No. 3 maker of civil aircraft, announced 3,800 layoffs. The company is based in Montreal.
Rockwell Collins, the Cedar Rapids, Iowa, aviation electronics spinoff of Rockwell International, announced 2,600 jobs. Meanwhile, the parent company, now doing business as Rockwell Aviation Corp., said it will lay off 750 more employees on top of the 1,300 cut earlier this year.
Textron Inc. said it will cut 2,500 more jobs, close some plants, and further curtail production. The Providence, R.I.-based company makes Bell helicopters, Cessna airplanes, and golf carts.
ExciteAtHome, the broadband Internet services provider, announced 500 layoffs and said it will close its marketing-services division, scale back its search engine, and shut its MatchLogic subsidiary, which employs 200 workers.