| |
| | CNN.com - Cap Gemini 'needs to fire workers' - June 14, 2002 |
 | | Cap Gemini, like its rivals, has been troubled by a decline in technology spending as many customers choose to control costs as the industry attempts to rise out of a global economic downturn that struck in the last half of 2001. |
 | | Cap Gemini, which is heavily exposed to the slowdown in the United States since it acquired consulting firm Ernst & Young two years ago, announced 2,500 job losses in December, taking the total for the year to 5,400, in an effort to save some 800 million euros ($715.6 million) annually. |
 | | Cap Gemini, which offers companies everything from computer hardware and software packages to management consultants, declined to comment on the brokers research. |
| www.cnn.com /2002/BUSINESS/06/14/capgemini.jobs/index.html (334 words) |
|