Shell Energy Entrepreneurs banner Yudala banner
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

Views: 380


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


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Group seeks UN punishment for Buhari over alleged...

FG insists on secret trial of Dasuki, but...

Pop star Davido graduates with second class degree...

Police identifies gunman who massacred worshippers in Anambra...

How I was abducted by SARS, By Daniel...

Kanu: IPOB calls for dismissal of remaining charges...

Kaduna gets new Commissioner of Police

Venezuelan President’s son threatens to seize American White...

Zungeru’s $1.29b power project ready in 2020

EFCC quizzes SAN, land speculator over N2bn Abuja...

CNN anchor Fareed Zakaria gives Nigerian leaders useful...

Nigerian Army sets up Media Centre in Maiduguri...

 

Latest News BREAKING: Kidnapped American, Canadian rescued in Kaduna Why I stand with Buhari, By Femi Adesina 8 APC chieftains kidnapped Niger Delta militants abduct 5 oil workers Herdsmen kill Taraba monarch, 28 others in fresh attacks Still on murderous Fulani kidnappers, By Yushau A. Shuaib APC governors endorse Buhari for second term, okay Amaechi as DG Buhari Campaign Organization South African policemen kill another Nigerian Shutdown: US Government agencies prepare for the worst Beyond Wanny: Politics of the crisis in Omoku, By Kingsley George Helpless refugees frozen to death El-Rufai backpedals, asks sacked Kaduna teachers to reapply

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (315,556 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (305,598 views) Shameless Genevieve Nnaji exposes breasts in public (244,949 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,523 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (190,183 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (179,479 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,597 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (139,870 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (136,083 views) Lagos plane crash: Journalist releases victims’ names (124,558 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (121,789 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (118,983 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,854) Business Verdict (32) Columnists (792) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,748) Interviews (139) Live Commentary (28) Love Matters (100) News (32,028) Opinion (868) Pidgin (10) Politics (4,358) Religion (666) Sports (1,407) Stock Watch (26) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!