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Industry: Email Alert RSS FeedSprint cuts more jobs.(News)
RCR Wireless News, May, 2005
Sprint Corp. said it plans to cut an additional 550 jobs as part of its previously announced corporate restructuring initiative that will result in a total of 5,850 job cuts for the telecom provider. The company noted the cuts, which were reported in a Securities and Exchange Commission 10-Q filing, would be achieved through attrition, voluntary and non-voluntary cuts at a cost not to exceed $215 million.
The restructuring plans were announced in 2003 and called for the company to realign its business into two units serving corporate customers and individual consumers. Sprint said it has already slashed 5,300 jobs as a result of its restructuring plans. Sprint has also said that its pending acquisition of Nextel Communications Inc. would lead to an...
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