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Subject: FYI <br /> Date: Thu, 20 Feb 2003 08:28:06 -0600 <br /> From: "Peter J. Weis" <pjweis @tvjohn.com> <br /> To: "Doug Tholo" <dtholo @hrgreen.com>, "Bryan Adams" <bryada@gwest.net> <br /> 7r- <br /> Gaily Reporter Main <br /> THE D1 ,s ` r�,S, <br /> i I A1 �■ J <br /> Construction News <br /> Editorials CONSTRUCTION NEWS <br /> AvantGo Channel <br /> Special Sections Printer Fri <br /> HardHat Mail <br /> Interne``inks Waste Management to cut 700 jobs <br /> Business Calendar <br /> Classifieds Feb.20,2003 <br /> Public Notices <br /> Sales Leads Houston (AP)-Waste Management Inc.,the nation's largest trash-hauling company, s <br /> Vendor Index Tuesday it is cutting 700 full-time jobs and 270 contract positions as it scales down Noi <br /> Site Search American operations. <br /> Advertising <br /> Subscriptions The Houston-based company disclosed the job cuts as it reported its fourth-quarter pri <br /> climbed 49 percent to $236 million, or 39 cents a share,from $158 million, or 25 cent <br /> Contact us final quarter of 2001. Revenue was flat at$2.8 billion. <br /> The results beat Wall Street forecasts for earnings of 34 cents a share. <br /> For all of 2002, Waste Management earned <br /> $822 million, or$1.33 a share, up from $503 7 e TOI <br /> million, or 80 cents a share, in 2001. Revenues Mentioned in this Article <br /> dipped to$11.1 billion from $11.3 billion in <br /> 2001. Waste Management Inc. <br /> The company,which sold international Contact Resources <br /> operations after running into financial <br /> problems in the late 1990s,said Tuesday the E-mail this Article to a Frien <br /> job reductions will come from reducing its Send an e-mail to the Editor <br /> market areas to 66 from 91 across the United <br /> States and Canada. THIS IS NOT THE END <br /> 4E STORY! <br /> About 60 of the full-time job losses and all of POST YOIIt <br /> the contract losses will come at the company's ° <br /> PS <br /> Houston headquarters. The other 640 jobs will <br /> be cut in the field,the company said in a news <br /> release. The company employed 57,000 <br /> people at the end of 2001, according to its Web site. <br /> Waste Management estimates it will take a $23 million charge related to the work-fort <br /> reduction. It expects to save$42 million this year as a result of the cuts and $50 million <br /> 1 of 2 2/21/03 2:06 PM <br />