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Author Topic: AT&T cutting 12,000 jobs  (Read 1047 times)

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godoftrading

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AT&T cutting 12,000 jobs
« on: December 04, 2008, 12:13:56 PM »
AT&T said Thursday it'll take a $600 million charge in its fiscal fourth quarter as part of a plan to cut 12,000 jobs, or 4% of the Dallas-based telecommunication giant's work force. AT&T also plans to cut its 2009 capital expenditures over 2008 levels, with a specific dollar figure to be announced in January. "While AT&T is reducing jobs in some areas, it continues to add jobs in other parts of the business -- such as wireless, video and broadband -- to meet customer demand," the company said. AT&T cited economic pressures, a changing business mix and a more streamlined organizational structucture for the layoffs.

http://www.marketwatch.com/News/Story/Story.aspx?guid={22F4AE5F-D6DF-4D10-B850-D15CF7E55E42}

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