Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

17,000 jobs
Number of planned job losses
Job loss
Announcement Date
24 June 2002
Employment effect (start)
1 June 2002
Foreseen end date

Description

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


Sources

  • 27 June 2002: The Irish Times
  • 24 June 2002: The Irish Times

Citation

Eurofound (2002), WorldCom, Internal restructuring in World, factsheet number 59826, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59826.