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Economic difficulties force PCCW to cut another 506 jobs.

Publication: Japan Weekly Monitor
Publication Date: 10-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HONG KONG, Dec. 5 Kyodo

Hong Kong's leading telecommunications and Internet company Pacific Century CyberWorks Ltd. (PCCW) said Wednesday it has fired 506 employees, citing the extremely difficult economic situation.

The company will also implement immediately a wage and headcount freeze for the next year, PCCW Chairman Richard Li...

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