OTHER NEWS - Aug. 21, 1993
From Times Staff and Wire Reports
Job Cuts Hit Management Ranks: General Electric Co. and Ameritech Corp. announced the layoff of thousands of management employees in a continuation of America’s vast corporate restructuring. GE’s aircraft engines unit, headquartered in Cincinnati, said it is cutting 15% of its work force, or 4,000 management jobs. Ameritech, the Baby Bell based in Chicago, said it will let 1,200 to 1,500 managers go by the end of the year.
