By Jon Bernstein, 14 May 2002 10:22
NEWS As Cable & Wireless puts the finishing touches to its year-end results, analysts are expecting news of more US job losses ahead of tomorrow's announcement. According to the FT, cuts are likely to be made at its loss-making IP and data services business. Yesterday the company confirmed that chairman Sir Ralph Robins is set to quit amid shareholder pressure following a period of poor performance by the company. The telecoms slump has seen the company fall into sharp decline, with price cutting across the sector, and increased competition forcing down revenues. In February the company announced its third profit warning in 12 months.
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