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Business & Finance

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.

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• 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.

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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.


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