It is hoping to emerge from Chapter Eleven bankruptcy protection as soon as April.
The job cuts are part of two and a-half billion dollars in
costs to be eliminated -- and the first since new chairman and
C-E-O Michael Capellas came aboard.
WorldCom, which is losing about 200 (m) million a month, has
already been trying to cut costs by asking the bankruptcy court to
let it vacate some leases and renegotiate or get out of some
WorldCom has about 60-thousand employees after cutting nearly
21-thousand positions last year. That followed the largest-ever
bankruptcy filing in U-S history amid a massive accounting scandal.
No word yet on how the layoffs will impact workers in the Springs.
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