Business Services Industry
Alarm bell at Ameritech. (announces layoffs at subsidiary firm SecurityLink)
Crain's Chicago Business, July, 1996 by Cahill, Joseph B.
A rough time breaking into security biz Insecurity is rising at Ameritech Corp.'s security monitoring business. Last week, the Chicago-based local telephone company gave layoff notices to 220 of the 2,800 employees at SecurityLink, an Oak Brook-based subsidiary that sells burglar alarms and other security services to business and residential customers.
Reaching into the upper executive ranks of SecurityLink, the cuts reflect a continuing struggle to consolidate three acquisitions that formed the new unit and to position them for profitable growth. Failure could trigger alarm bells for Ameritech's prospects in the deregulating telecommunications industry. Success would help prove that the monopolist can compete in open markets. Early signals from SecurityLink -...
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