Employee Downsizing

Downsizing Blues All Over the World Contd...

TABLE I
DOWNSIZING BY MAJOR COMPANIES (1998-2001)

YEAR	COMPANY	INDUSTRY	NO. OF EMPLOYEES DOWNSIZED
1998	Boeing	Aerospace	20,000
1998	CitiCorp	Banking	7,500
1998	Chase Manhattan Bank	Banking	2,250
1998	Kellogs	FMCG	1,00
1998	BF Goodrich	Tyres	1,200
1998	Deere & Company	Farm Equipment	2,400
1998	AT&T	Telecommunications	18,000
1998	Compaq	IT	6,500
1998	Intel	IT	3,000
1998	Seagate	IT	10,000
1999	Chase Manhattan Bank	Banking	2,250
1999	Boeing	Aerospace	28,000
1999	Exxon-Mobil	Petroleum	9,000
2000	Lucent Technologies	IT	68,000
2000	Charles Schwab	IT	2,000
2001	Xerox	Copiers	4,000
2001	Hewlett Packard	IT	3,000
2001	AOL Time Warner	Entertainment	2,400

Source: ICMR

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Case Details

Case Code : HROB016
Themes: HR concepts and issues
Case Length : 09 Pages
Period : 1990-2001
Organization : Varied
Pub Date : 2001
Teaching Note : Available
Countries : USA, India, etc...
Industry : Varied

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