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BRIEFLY / TRAVEL : Sabre Holdings Fires 3% of Its Work Force

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Bloomberg News

Sabre Holdings Corp., the world’s largest travel-reservation company, said it fired 329 employees, or about 3% of its work force, to reduce costs because of lower sales in its computer-services business. Sabre, which employs about 11,000 people worldwide, expects to take a third-quarter charge of up to $7 million for the firings, the company said. Most of the jobs were cut at its headquarters in Fort Worth, Texas, and at offices in Winston-Salem, N.C., and Washington. Sabre was spun off from American Airlines’ parent AMR Corp. in 1996. AMR still owns 83% of Sabre’s stock. Shares of Sabre fell 25 cents to close at $55.75 on the NYSE.

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