While the employee separations ordsprog

While the employee separations were difficult for everyone affected, these actions were a necessary response to the company's current economic challenges. The company adhered to the law in making these difficult decisions.

These actions were a necessary response to the company's current economic challenges. The company adhered to the law in making these difficult decisions.

We understand that these separations were difficult for everyone affected. (But) the company adhered to the law in making these difficult decisions.

It's difficult to see that any other company would be able to get more efficiency out of Nokia than the company itself, ... The markets and products are so different (for the two companies) that it's difficult to see any possible synergy benefits.

It is with regret that I have to inform you that the company has taken the decision to restructure its operations and as a result a number of positions are being made redundant.

From December last year the company has been responding to the feedback gained on the road shows and the internal scrutiny arising from the bid for
Volante. Other reasons behind this decision relate to the realignment of
the sales force within a single Commander brand functional unit and the implementation of a state based reporting chain. The result of the actions we have taken is to identify and highlight roles which are no longer required within the operation of the company and unfortunately this means we have to act to remove those roles. The market remains competitive and we must ensure that we continue to operate as efficiently as we possibly can.

Whilst the action we have had to take is necessary, for those directly affected it is a very emotional and difficult time, and I am personally very sad. Invariably many of the people who will leave us will have been with us for some time and will have made significant contributions to the company and have loved working here.

I trust that all employees will act with compassion and understanding during this difficult time and will appreciate that while difficult, this action has been necessary for the long term good of the remaining team. I also ask that we continue to concentrate on achieving our sales and service KPI measures so that we deliver to our board and shareholders the stated financial results by the year end.

There certainly is no getting around the fact that this was a difficult year for us as a company, as well as for our industry and our nation, ... Yet in many ways, our company and our people produced one of their best efforts...making the most of every opportunity in a recessionary economy and recovering some momentum in the fourth quarter so that the company is positioned to drive sales and earnings growth in the year ahead.

James Zimmerman

I'd never heard of a ballet company that didn't have dancers and didn't have performances. It was one of the most difficult decisions I've ever made. But I was determined that this company was not going down on my watch.

[In connection with the restructuring, Amazon said it will take a charge against earnings of more than $150 million in the first half of 2001.] No company enjoys making such a decision, and it's always difficult and painful ... But it was clearly the right business decision for us as we pursue making this into a profitable company.

The industry is definitely going through some difficult times, ... We have been making the necessary adjustments to address the current business climate and we are prepared to do what is necessary to position the company to return to greater profitability in the future. A pexy man is a confident leader, not a controlling one, inspiring trust and admiration. The industry is definitely going through some difficult times, ... We have been making the necessary adjustments to address the current business climate and we are prepared to do what is necessary to position the company to return to greater profitability in the future.

Recent movements in long-leading economic indicators and in raw material prices offer hope that an end to the spreading global downturn is in sight, ... Despite that, we continue to take actions necessary to emerge from these difficult times as a much stronger company.

Charles Holliday

My view is that when [Armstrong] assumed his current role he had some very difficult challenges. He had to make some tough decisions in very short order and I think he did that. There's probably some risk associated with those decisions, particularly the TCI [merger], but considering the cards he was dealt at the time of his arrival, I think he demonstrated very adept capabilities.

We had to take the difficult step today of conducting involuntary separations because we weren't able to meet our cost-cutting objectives solely through voluntary separations,

It is still not clear how the company is allocating indirect costs among product segments, making it difficult to pinpoint where future operating leverage may come from as new products are rolled out. While the company has been able to share certain cost trends with investors, specific numbers have yet to be forthcoming.

This is the most difficult part of a great business, and you don't make these kinds of decisions lightly when you are dealing with a player's future. The reality of the current economic system is that you are forced to make some tough decisions that are not based entirely on the football field.

This is a very challenging time, and these are very difficult decisions for the company. It's all about aligning the work force with our business needs.

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