Contractors feel pinch, too.(Adelphia Communications Corp., financial management)(Brief Article)

Multichannel News, May, 2002 by Haugsted, Linda

Contractors also count themselves among the casualties of Adelphia Communications Corp.'s financial meltdown. The companies that have aided the MSO in upgrades, digital installations and other field lobs were notified last week that Adelphia will suspend such projects from coast to coast, except where the job is 50 percent or more completed, contractors said.

For many companies, that will mean layoffs, though some firms "jumped ship" from their Adelphia work prior to last week's round of bad news, contractors said. "We were rewiring multiple-dwelling units in Anaheim [Calif.] when they told us to shut down," said Brian Ohl, an employee of one contractor that does work with cable operators across the country. He was reached in his car as he was...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.