Long Distance Phone Cards

 November 
MoTuWeThFrSaSu
1234567
891011121314
15161718192021
22232425262728
2930     
       
[ all archive ]

Search in digest

 Most interesting:


   [ by keywords ] [ stats ]

Phone company SBC to eliminate 10,000 jobs

   1461 days 3 hours ago (21:43)

SBC Communications, the nation’s second-largest telephone company, will eliminate 10,000 jobs by the end of next year, according to a filing Friday with securities regulators.

The cuts will amount to 6.1 percent of SBC’s workforce of 165,000 employees and will come through attrition and layoffs, the company said. They come on top of 7,000 jobs SBC plans to cut this year as well.

The company did not say which divisions would be directly affected, but an SBC spokesman, Michael Coe, acknowledged that businesses that were not growing would probably lose jobs while those that are growing might see increases.

SBC has more than 50 million phone lines in 13 states. A company spokesman, Larry Solomon, said the job cuts «will be across geographies and across business units.»

Solomon said the company might add workers in growing parts of its business as part of an ongoing effort to adjust its workforce to business conditions.

BC said it had 165,520 employees as of Sept. 30, down from 172,540 a year earlier.

SBC has been losing phone lines as customers replace traditional lines with cellular phones and voice-over-Internet service.

In general, SBC and the other Bell operating companies — Verizon Communications, the largest phone company; BellSouth; and Qwest — have been reducing the size of their local-phone businesses because they have been losing tens of thousands of customers in the past few years.

Conversely, other parts of their business, like providing high-speed Internet connections and long-distance phone service, have been growing.

The Bell companies also have started expanding their fiber-optic networks and have been relying more heavily on their wireless subsidiaries, Verizon Wireless and Cingular Wireless.

BellSouth, the third-largest Bell company, cut 3,050 jobs, or 4.6 percent of its workforce in the third quarter of this year.

SBC did not say how much money it expected to save through the job cuts, although some industry analysts expect more than $1 billion in potential savings.

Bloomberg News contributed to this report.