[Net-Gold] AT&T to Cut 4,600 Jobs
David P. Dillard
Date: Sat, 19 Apr 2008 06:46:06 -0700 (PDT)
From: Sue Fraser <xcsc...@yahoo.com>
Reply-To: Net-...@yahoogroups.com
To: Net-Gold <Net-...@yahoogroups.com>
Subject: [Net-Gold] AT&T to cut 4,600 jobs
AT&T to cut 4,600 jobs
AT&T Inc. plans to eliminate about 4,600 jobs, or 1.5 percent of its
workforce.
The San Antonio-based telecommunications company said in a regulatory
filing Friday that it plans to take a $374 million first-quarter pretax
charge against earnings related to the jobs cuts.
Most of the jobs being cut are at the management level, and the company
says that overall employment will remain steady in 2008 as it invests in
"growth areas." The company had about 309,000 employees at the end of 2007
and about 2,800 jobs in Austin. Company officials were not able to
immediately say whether any of the layoffs would be in Central Texas.
<http://austin.bizjournals.com/austin/stories/2008/04/14/
daily37.html?b=1208145600^1623034&ana=e_abd>
or
The entire article can be read at the above URL.
Sincerely,
Sue Fraser
xcsc...@yahoo.com