Gateway To Cut 2,250 Jobs, Shut 19 Stores

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Personal computer maker Gateway Inc. announced Thursday that it was cutting about 2,250 jobs and closing 19 of its retail stores in a new reorganization.

A spokeswoman said Gateway was cutting 2,250 of 14,000 jobs, 4 of its 10 administrative and support sites and 19 of its 296 "Country Store" showrooms.

The new cuts affect about 16 percent of jobs and come on top of a 25 percent cut in the work force announced last year, when Gateway said it was shuttering foreign operations.

Chief Financial Officer Joe Burke said in an interview after releasing fourth-quarter results that Gateway, the No. 4 U.S. PC maker had slimmed down enough.

"We believe that there are no other restructuring activities on the horizon for 2002," Burke said.

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