That situation has only been made worse by recent job reductions in Hamilton.
The job reductions will take place over the next 12 months.
When the job reductions are completed, the company will have reduced its work force by about 80,000 jobs since 1984.
While job reductions had been predicted, the cuts were much greater than expected.
Exactly where the new spending and job reductions would fall was unclear.
The plan calls for 3,000 of the job reductions to come this year.
The rest of the job reductions will be throughout the company.
The job reductions are not on the same scale as in the early 1990's.
His proposed cuts would bring total job reductions in the county to 1,981 since January from a work force of 18,000.
Roughly half of the job reductions are expected to be in Europe.