AT&T to cut 5,000 more jobs, take $1 billion charge
NEW YORK (AP) _ AT&T Corp. said Friday it will eliminate 5,000 more jobs and take a $1 billion fourth-quarter charge to cover the cost of those cuts as well as 5,100 others that were already planned. <br><br>TheFriday, January 4th 2002, 12:00 am
By:
News On 6
NEW YORK (AP) _ AT&T Corp. said Friday it will eliminate 5,000 more jobs and take a $1 billion fourth-quarter charge to cover the cost of those cuts as well as 5,100 others that were already planned.
The long-distance company said the charge will cover severance packages and other costs of 5,100 job cuts in 2001 and 5,000 planned for 2002.
The jobs affected are mainly in the company's business, consumer and corporate units, and more than half are management positions, AT&T said.
Get The Daily Update!
Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!
More Like This
January 4th, 2002
April 15th, 2024
April 12th, 2024
March 14th, 2024
Top Headlines
April 24th, 2024
April 24th, 2024
April 24th, 2024
April 24th, 2024
