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C&W Global Cut Jobs, U.S. Domestic Service
Paula Bernier
11/13/2002 Cable & Wireless Global announced today it is undergoing a restructuring that includes plans to withdraw from domestic business markets in the U.S. and in continental Europe except for multinational enterprise and service provider customers. The 12-month restructuring plan is expected to reduce jobs across Cable & Wireless Global by around 3,500, from 12,500 to 9,000. Data centers globally will be reduced from 42 to 23. Also as part of the restructuruing, the company’s businesses in the U.K. and Japan are expected to “be reshaped to reduce costs further and produce greater focus on profitability and cash flow.” Following the restructuring, Cable & Wireless Global will focus primarily on multinational companies including enterprises and service providers in the U.S., the U.K., continental Europe and Japan/Asia.
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