Sprint to lay off 1,100.(Business)

RCR Wireless News, June, 2004

Sprint Corp. announced it would lay off up to 1,100 employees in its Sprint Business Solutions division, including up to 850 SBS employees and up to 250 employees in corporate functions that support SBS. The company noted the work-force reduction is due to continued realignment of company resources related to its internal restructuring announced last fall and to increasing competitive pressure on its long-distance business.

Sprint, which has already announced 3,500 job cuts since late last year, said affected employees would be notified by mid-July and would be eligible for severance benefits, including an extension of pay and benefits and professional outplacement assistance. "While we are seeing growing customer acceptance of our integrated...

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