本文发表在 rolia.net 枫下论坛Arthur Andersen to cut 7,000 jobs
Last Updated Mon, 08 Apr 2002 14:48:57
CHICAGO - Troubled accounting firm Arthur Andersen is cutting 7,000 jobs from its U.S. staff as it tries to cope with the fallout from the Enron bankruptcy. The cuts represent 27 per cent of Andersen's current workforce of 26,000.
The firm said its audit practice and administrative services will be the largest areas affected by the cuts.
"Of all the issues we have confronted recently, none compare to actions we are now forced to take with our employees," Larry Gorrell, the company's U.S. managing partner, said in a release.
"This decision is even more painful in light of the loyalty, commitment, and hard work that our employees have demonstrated during this difficult time," Gorrell said.
Enron went under after it divulged a dramatic downward restatement of its earnings. The company used a complicated financial web of partnerships to keep losses and debt off of its books.
In the subsequent investigations into Enron's failure, the U.S. Department of Justice charged Andersen with one count of obstruction of justice. The U.S. government alleges that Andersen employees deliberately shredded Enron-related documents and deleted emails.
In the wake of the charge being laid, dozens of clients deserted Andersen. The Associated Press reported Monday that the company has lost 143 public audit clients this year. Andersen did audits for 2,311 public U.S. companies last year.
CIBC sued in Enron bankruptcy
Canadian Imperial Bank of Commerce is one of nine investment banks added as defendants in a $25-billion US class-action lawsuit filed by Enron shareholders.
CIBC was added to the suit along with J.P. Morgan Chase & Co.; Citigroup Inc.; Credit Suisse First Boston USA Inc.; Bank of America Corp.; Merrill Lynch & Co.; Barclays Bank PLC; Deutsche Bank AG and Lehman Brothers Holding Inc. The amended lawsuit was filed Monday in a Houston, Texas, court by the lead plantiff, the University of California.
The suit charges that the banks, as Enron's financial backers, knew about the company's tangled web of partnerships that led to the company's undoing.
Written by CBC News Online staff更多精彩文章及讨论，请光临枫下论坛 rolia.net
Last Updated Mon, 08 Apr 2002 14:48:57
CHICAGO - Troubled accounting firm Arthur Andersen is cutting 7,000 jobs from its U.S. staff as it tries to cope with the fallout from the Enron bankruptcy. The cuts represent 27 per cent of Andersen's current workforce of 26,000.
The firm said its audit practice and administrative services will be the largest areas affected by the cuts.
"Of all the issues we have confronted recently, none compare to actions we are now forced to take with our employees," Larry Gorrell, the company's U.S. managing partner, said in a release.
"This decision is even more painful in light of the loyalty, commitment, and hard work that our employees have demonstrated during this difficult time," Gorrell said.
Enron went under after it divulged a dramatic downward restatement of its earnings. The company used a complicated financial web of partnerships to keep losses and debt off of its books.
In the subsequent investigations into Enron's failure, the U.S. Department of Justice charged Andersen with one count of obstruction of justice. The U.S. government alleges that Andersen employees deliberately shredded Enron-related documents and deleted emails.
In the wake of the charge being laid, dozens of clients deserted Andersen. The Associated Press reported Monday that the company has lost 143 public audit clients this year. Andersen did audits for 2,311 public U.S. companies last year.
CIBC sued in Enron bankruptcy
Canadian Imperial Bank of Commerce is one of nine investment banks added as defendants in a $25-billion US class-action lawsuit filed by Enron shareholders.
CIBC was added to the suit along with J.P. Morgan Chase & Co.; Citigroup Inc.; Credit Suisse First Boston USA Inc.; Bank of America Corp.; Merrill Lynch & Co.; Barclays Bank PLC; Deutsche Bank AG and Lehman Brothers Holding Inc. The amended lawsuit was filed Monday in a Houston, Texas, court by the lead plantiff, the University of California.
The suit charges that the banks, as Enron's financial backers, knew about the company's tangled web of partnerships that led to the company's undoing.
Written by CBC News Online staff更多精彩文章及讨论，请光临枫下论坛 rolia.net