Layoff Announcements, Jan.-March 2002
Layoff Announcements, Jan.-March 2002
'+' means profit; '-' means loss; 'NA' means not available; 'm' means million; 'b' means billion
Company...Headquarters...No. Layoffs...2002 income..2001..2000..1999
Goodyear Tire...Akron, Ohio...3,500...NA....-$203.6 m...+$40.3 m...+$241.1 m
Ford Motor..…..Dearborn, Mich….35,000...NA....-$5.5 b...+$3.5 b...+$7.5 b
General Motors…..Detroit………200…NA….+$601m…+$4.5 b…+$6.0 b
Sara Lee………..Chicago……….6,200…+$402 m*.. +$1.116 b..+$1.22 b..NA
Viacom………..New York……..800…..NA…..-$223.5 m…-$816.1 m….NA
Homestore.com….Calif…………300….NA…-$245.8 m**...-$115.2 m…..-$93.0m
* first six months
** first nine months
The following shows what the above companies paid their chairman or chief executive officer [CEO] in total compensation in 2000 or 2001:
Goodyear……$1.3 m
Ford…….$3.3 m
GM…….$14.0 m
Sara Lee…$3.6 m
Viacom….$17.1 m
Homestore…NA
