AT&T to Cut 10,000 Jobs Post-BellSouth Merger
A Reuters newswire article, via CNN/Money, reports that:
AT&T Inc. , which has agreed to buy BellSouth Corp. for $67 billion in stock, Monday said it expects to cut some 10,000 jobs between 2007 and 2009, once the acquisition has closed.More here.
The deal, announced on Sunday, would bring ownership of Cingular Wireless, the No. 1 U.S. wireless telephone company, under one roof, which Wall Street analysts have said would streamline management and allow one parent company to enjoy all of the financial benefits.
posted by Fergie @ 3/06/2006 09:06:00 AM
1 Comments:
No biggie. SBC lose an average of 12000 jobs per year due to attrition, such as quitting, dying, firings, etc. Hell, between ATT, SBC and BellSouth, we are talking damn near a half a million employees!!!
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