WorldCom announces further job cuts

WorldCom said today it plans to cut 25 per cent of its workforce in Europe, Africa, and the Middle East (EMEA).

WorldCom said today it plans to cut 25 per cent of its workforce in Europe, Africa, and the Middle East (EMEA).

The cuts are part of a consolidation plan that includes lowering infrastructure spending and dropping unprofitable products.

The company did not say how the cuts would affect its Irish operation. In June WorldCom said 10 per cent of its 180 Irish staff here would lose their jobs as part of a restructuring.

WorldCom's EMEA division is headquartered in Reading, England, and covers 25 countries across Europe, the Middle East, and Africa, providing voice, data and Internet services to business customers.

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The telecommunications giant succumbed to bankruptcy after disclosing that $3.85 billion in expenses were improperly booked, inflating its profits.