AT&T to cut 5,000 more jobs, take $1 billion charge
Friday, January 4th 2002, 12:00 am
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.