Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

7,500 jobs
Number of planned job losses
Job loss
Announcement Date
12 May 2004
Employment effect (start)
Foreseen end date

Description

MCI, ex WorldCom, just out of the protection of the American law on bankruptcies, has announced a new restructuring plan involving the redundancy of 7,500 people, i.e. 15% of its workforce.


Sources

  • 12 May 2004: La Tribune

Citation

Eurofound (2004), MCI (WorldCom), Internal restructuring in World, factsheet number 60465, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60465.