NEW YORK (AP) - AT&T says it is cutting 12,000 jobs, or about 4 percent of its work force, because of the economic downturn.
The Dallas-based telecommunications company said Thursday the
job cuts will take place in December and throughout 2009.
The company also cited a changing business mix and a more streamlined structure as other reasons for the layoffs.
AT&T plans to take a charge of about $600 million in the fourth quarter to pay for severance costs.
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.