Layoff Announcements, Oct.-Dec. 2001
Layoff Announcements, Oct.-Dec. 2001
'+' means profit; '-' means loss; 'NA' means not available; 'm' means million; 'b' means billion
Company...Headquarters...No. Layoffs...2002 income..2001..2000..1999
Citigroup.....New York.......7,800.......NA.......+$14.1 b.....+$13.5 b......+$9.9 b
IBM.............Armonk, N.Y......1,000.......NA.......+$7.7 b.....+$8.1 b......+$7.7 b
Bristol-Myers.....New York.......1,000.......NA......+$5.2 b......+4.7 b........NA
Sara Lee Corp.....Chicago.......14,263....+$402 m*..+$1.116 b......+$1.22 b......NA
VF Corp.......Greensboro, N.C...13,000.......NA......+$246.2 m*.....+$254 m.......NA
Lockheed......Bethesda, Md.........360.......NA......-$1.05 b......-$519 m......+$382 m
Belo Corp......Dallas, Tx..........160.......NA......-$2.7 m......+150.8 m.....+178.3 m
* first six months
The following shows what the above companies paid their chairman or chief executive officer [CEO] in total compensation in 2000 or 2001:
Citigroup……$224.6 m
IBM…….$73.9 m
Bristol…….$6.7 m
Sara Lee…$3.6 m
VF….$3.5 m
Lockheed…$5.9 m
Belo….$2.0 m
