It will also take a restructuring charge of at least $1.2 billion.

Much like it did today, the company took a huge restructuring charge of $255 million one year ago.

The latest year included a restructuring charge of $10 million.

The company said the restructuring charge was equal to $2.40 a share.

The company also said it would take a $35 million restructuring charge in the third quarter.

"I would not be surprised to see more food companies taking restructuring charges in this environment."

The company said the restructuring charges also reflected its plan to leave the training and education business.

The company also took a $1.3 billion restructuring charge to reduce the value of its assets.

"They can certainly identify the restructuring charge," he said of companies with such charges.

Control Data reported a $497.3 million loss, reflecting restructuring charges earlier this year.

For the year, the restructuring charges reduced net by $1.12 billion.

And Digital is expected to take another huge restructuring charge, $800 million to $1 billion, to cover further cost cuts.

Last year's loss was exacerbated by a $65 million restructuring charge.

The company has announced a restructuring charge of $10.3 million in the fourth quarter.

The company reported earnings of 5 cents a share for last year, after taking a $1.7 billion restructuring charge.

First Union said it anticipated a restructuring charge of $795 million in next year's second quarter.

Net income was $1.36 million, compared with a loss from restructuring charges a year earlier.

The moves are part of a larger plan announced earlier this month to cut 5,000 jobs and take a $1 billion restructuring charge.

In addition, he said, the company was taking a $475 million restructuring charge, largely to cover costs from the elimination of 7,000 jobs.

And that estimate does not include a Chrysler restructuring charge of $3 billion.

If your company takes a restructuring charge every year, maybe it is not an abnormal item.

That loss was largely because of a one-time restructuring charge.

Last year's results included a $150 million restructuring charge.

Software Publishing will cut its work force in half and take a restructuring charge for the second quarter.

The company has been criticized because its financial reports have included restructuring charges for each quarter since 1999.