Business

Sprint To Slash Up To 2,500 Jobs

CNNMoney.com
NEW YORK -- Sprint Nextel Corp. said Monday that it plans to cut between 2,000 and 2,500 jobs as part of a restructuring plan aimed at reducing labor costs by at least $350 million, on an annual basis. The third-largest wireless provider in the country said most of the positions will be eliminated by the end of this year. The job cuts will affect all levels of the company across all geographic locations. Severance benefits and outplacement services for all impacted employees will result in a one-time charge of between $60 million and $80 million in the fourth quarter, Sprint said.
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Posted by Editor at November 11, 2009 02:34 AM