EMCC European Monitoring Centre on Change

WorldCom

Company/Organisation:
WorldCom

Geographic Location

Country: World

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 80000

Employment Effects

Announcement Date: 24-06-2002
Planned Job Reductions min: 17000
Planned Job Reductions max: 17000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-06-2002

Additional Information

Accounting frauds announced for 9 billion USD. WorldCom is for the moment under the american bancruptcy protection law (chapter 11).