1.
Drones over U.S. may pose security risks
NEW YORK, July 28 (UPI) -- U.S. telecommunications giant Verizon said it would cut 8,000 jobs in 2009 to reduce costs during the economic slowdown.
"Although we are taking steps to mitigate the negative impacts of the economy in the short-term, we also need to more significantly reduce the wireline cost structure over the next 12 to 18 months," Chief Financial Officer John Killian said in a conference call.
The company trimmed its workforce by 8,000 employees in 2008 and said it would continue to reduce expenses in travel, real estate and other areas, the San Francisco Business Times reported Tuesday.
Verizon Communication Inc. currently employs 235,000 workers, the newspaper said.
|
|
|
| Additional Business News Stories | |
WASHINGTON, Feb. 10 (UPI) --
The Nuclear Regulatory Commission approved the construction of two new nuclear reactors, the first to be built in the United States since 1978.
|
ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption
