Friday December 16, 2005

BellSouth cuts 1500 management jobs

news.yahoo.com :

BellSouth Corp, the third largest U.S. phone company, said on Thursday that it plans to eliminate 1,500 management positions across the company. The reductions will take place in supervisory and non-supervisory management positions, including staff support functions. Most of the reductions are expected to occur through the acceptance of voluntary severance packages and are to be completed by April 30, 2006.

"We have worked hard to avoid it, but many companies our size and particularly our competitors operate with lower overhead and fewer management layers," BellSouth Chairman and Chief Executive Officer Duane Ackerman said in the statement.

Google Base :
mass layoffs

(2005-12-16 10:26:53 SGT) [Biz] Permalink

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