NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Communications giant AT&T to fire over 1,000 workers

By News Express on 25/12/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 868


AT&T will lay off and fire more than a thousand workers starting early next year, according to local reports.

Across the Midwest, an estimated 600 workers were notified they were being laid off by the company on December 16, a week before AT&T announced it was doling out $1,000 bonuses to 200,000 of its employees in celebration of the Republican Party’s tax overhaul.

The telecommunications giant told the Chicago Tribune in a statement that the layoffs were part of its “workforce adjustment” strategy for its declining legacy services.

The announcement came days after the New York Post reported that the company “pink-slipped more than 700 DirecTV home installers.” (AT&T owns DirecTV and is currently trying to acquire Time Warner, another cable provider, for a reported $85 billion.)

On Friday, the Post also reported that AT&T has recently laid off “215 high-skilled technician jobs in nine Southern states” and plans to fire nearly 700 workers in Texas and Missouri beginning in February.

Union representatives negotiating on behalf of the workers expressed concern and resentment towards the company.

“How can you lay people off and then give them $1,000 and say that there’s going to be more jobs available? I wish someone could tell me how that’s possible because I have to explain that to my members, and right now at this time of year, this is a difficult pill to swallow,” Joseph Blanco, president of Local 6360 Communication Workers of America Union in Kansas City, told Fox 4 on Thursday.

Randall Stephenson, CEO of AT&T, said in a statement that the GOP’s tax bill would improve the country’s economy and the company’s financial prospects.

“Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialised world. This tax reform will drive economic growth and create good-paying jobs,” AT&T chief executive Randall Stephenson said, according to CNBC.

Last year, senior executives at AT&T told The New York Times that “shrinking the [company’s] workforce by 30 percent is not out of the question.”

The Justice Department sued AT&T in November in an attempt to block its acquisition of Time Warner. Soon after the company announced it would give $200 million worth of bonuses, President Donald Trump praised the move as an indicator of how the tax bill could benefit American workers. (Newsweek)

Source News Express

Posted 25/12/2017 12:02:06 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Minister says FG committed to increase access to...

Magu decries celebration of corruption

Wike begs for his life

Arrest my attackers and their pay masters, Deputy...

82-year-old widow cries out in court: Catholic Church...

CBN releases audited financial statements, adopts new accounting...

NLC gives Osun Government 7 days to pay...

Kogi guber aspirant promises improved healthcare delivery

Chibok schoolgirls to be freed Monday or Tuesday...

Disturbing confessions of weakness

AfDB sets aside $50m to address Africa’s trade...

Baru secures $2bn contract discounts for NNPC, recovers...

 

Latest News BREAKING NEWS: Bauchi Deputy Governor resigns Of Philistines and quest for power, By Peter-Claver Oparah Nigerian women, children as endangered species, By Adele Adeniji 40 IPOB members in Police net over alleged terrorist plot Gunmen abduct 42 travellers; strip female passengers $16bn power projects: Refer OBJ, Jonathan to EFCC, ICPC, SERAP tells Buhari What is wrong with Anambra Catholic Bishops? Cholera outbreak kills 12 in Adamawa Minimum wage review long overdue – Oyo-Ita 400m Fraud: Court grants EFCC's request to try Metuh in absentia Transcorp Hotels MD laments neglect of tourism sector Buhari orders release of fund for Ogoni clean up

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,422 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (342,147 views) Shameless Genevieve Nnaji exposes breasts in public (273,520 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,870 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,266 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,920 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (177,044 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,331 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,256 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,545 views) Lagos plane crash: Journalist releases victims’ names (140,070 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,492 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (41) Business & Economy (3,152) Business Verdict (43) Columnists (854) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (598) Global Business Monitor (274) International (1,969) Interview (149) Live Commentary (28) Love Matters (120) News (35,541) Opinion (963) Pidgin (10) Politics (5,052) Religion (745) Sports (1,517) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement