
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, January 12, 1994                   TAG: 9401120101
SECTION: BUSINESS                    PAGE: B-7   EDITION: METRO 
SOURCE: Associated Press
DATELINE: NEW YORK                                LENGTH: Short

WESTINGHOUSE TO ELIMINATE 6,000 JOBS

Westinghouse Electric Corp. is cutting 6,000 jobs as part of a turnaround effort after years of slumping sales and huge losses in its financial services and environmental businesses.

The announcement Tuesday came after a tumultuous year in which angry investors forced out Westinghouse chairman Paul E. Lego, and Michael H. Jordan was brought in to replace him.

The restructuring includes laying off about 3,400 of the company's 105,000 workers over two years, with the rest leaving through attrition.

The company's stock dropped 12 1/2 cents, to $14, on the New York Stock Exchange. Securities analysts praised the announcement.

by CNB