NEWS: Telecom giant AT&T slashes jobs

<http://news.bbc.co.uk/2/hi/business/7765222.stm>

The US telecommunications company, AT&T, has announced 12,000 job
cuts, or 4% of its workforce, in an effort to significantly reduce
costs.

The Texas-based firm cited economic pressures, a changing business
environment and the need for a more efficient organisational
structure.

AT&T said the staff cuts would start in December and would continue
throughout 2009.

It also forecast a reduction in capital expenditures next year.

IN A STATEMENT, AT&T ADDED THAT, DESPITE THE CUTS, IT WOULD CONTINUE
TO CREATE JOBS IN OTHER PARTS OF THE BUSINESS, SUCH AS WIRELESS,
VIDEO AND BROADBAND. [emphasis added]

[MORE]
--
Best regards, FAQ FOR AT&T MOBILITY (CINGULAR WIRELESS):
John Navas <http://en.wikibooks.org/wiki/AT&T_Mobility_FAQ>

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› See More: NEWS: Telecom giant AT&T slashes jobs

You are 10 hour late Navas; so its not such NEWS



On Thu, 04 Dec 2008 15:40:02 -0800, John Navas
<[email protected]> wrote:

><http://news.bbc.co.uk/2/hi/business/7765222.stm>
>
> The US telecommunications company, AT&T, has announced 12,000 job
> cuts, or 4% of its workforce, in an effort to significantly reduce
> costs.
>
> The Texas-based firm cited economic pressures, a changing business
> environment and the need for a more efficient organisational
> structure.
>
> AT&T said the staff cuts would start in December and would continue
> throughout 2009.
>
> It also forecast a reduction in capital expenditures next year.
>
> IN A STATEMENT, AT&T ADDED THAT, DESPITE THE CUTS, IT WOULD CONTINUE
> TO CREATE JOBS IN OTHER PARTS OF THE BUSINESS, SUCH AS WIRELESS,
> VIDEO AND BROADBAND. [emphasis added]
>
> [MORE]