WorldCom renews government contract but Asia jobs go

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WorldCom tempered news of the renewal of a US$11 billion government contract with the announcement that it will be cutting 390 of its 1800 positions in Asia.

The US General Services Administration (GSA) announced that it would renew the contract with WorldCom for one year. WorldCom did US$500 million in business with the US government in 2001, but has lost at least one multibillion-dollar government contract this year.

However, the GSA suspended former WorldCom chief financial officer Scott Sullivan and financial controller David Myers from doing business with the US federal government.

Meanwhile, the Wall Street Journal reported that now former HP president Michael Capellas is negotiating with WorldCom directors and creditors to become the company's next chairman and CEO.

WorldCom has also begun a campaign to rehabilitate is public image in the US, launching a series of ad campaigns.

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