AT&T Cuts 7,400 Jobs, Asset Value by $11B
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NEW YORK - AT&T Corp. is cutting at least 7,500 more jobs and slashing the book value of its assets by $11.4 billion, drastic moves prompted by the company's plan to retreat from the traditional consumer telephone business following a lost court battle...
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AT&amp;T Corp. is cutting 7,400 more jobs and slashing the book value of its assets by $11.4 billion, drastic moves prompted by the company&#39;s plan to retreat from the traditional consumer telephone business following a lost court battle.
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NOVEMBER 24, 2004  - With its acquisition of AT&amp;T Wireless Services Inc. complete (see story), Cingular Wireless LLC is preparing to lay off about 10% of its 68,000 workers over a 12- to 18-month period starting next year.
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AT&amp;T Corp., the No. 4 U.S. telephone company, said on Thursday its fourth-quarter earnings increased as it cut costs through slashing jobs and lower equipment expenses.
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut another 7,400 jobs and reduce the value of its assets by $11.4 billion, spurred by its retreat from traditional consumer
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AT&T Corp. T.N, the No. 4 U.S.  telephone company, said on Thursday its fourth-quarter earnings  increased as it cut costs through slashing jobs and lower  equipment expenses.
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AT&T Inc., the nation's largest telecommunications company, earned $3.1 billion during the fourth quarter on gains in its wireless business and growth in its broadband Internet sales, the company reported Thursday.
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ATLANTA - With the merger of AT&amp;T Wireless complete, Cingular is making plans to cut its 68,000-person workforce by 10 percent, the companyâs CEO told The Associated Press on Tuesday.
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Motorola Inc.  plans to trim an additional 4,000 jobs this year, bringing the total cuts for 2007 to more than 11 percent of its work force, as the world's No. 2 mobile phone maker reduces costs to return to profitability.
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Telephone company AT&T Corp. T.N has  cut the 2004 bonus of Chairman and Chief Executive Officer  David Dorman by a quarter from a year ago to $1.97 million, a  regulatory filing showed.
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AT&amp;T on Thursday reported a $7.1bn third-quarter loss because of an $11.4bn writedown of its assets after its retreat from consumer services and other restructuring charges.
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AT&T Corp.  will cut about 7,000 jobs and reduce the value of its assets by &#36;11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.
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US mobile firm Cingular is laying off 7,000 people, or ten per cent of its workforce, as part of its integration of AT&amp;T&#39;s wireless unit.
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US phone company SBC says it expects to cut nearly 13,000 jobs following its $16bn takeover of AT&T.
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NEW YORK -- AT&amp;T Corp. is cutting 7,400 more jobs and slashing the book value of its assets by $11.4 billion, drastic moves prompted by the company's plan to retreat from the traditional consumer telephone business.
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com. AT&amp;T Wireless announced a drop in sales and profits, as it moved closer to its planned acquisition by Cingular Wireless. The firm earned $117 million on revenues of $4.
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Cingular Wireless will cut about 7,000 jobs, or 10 percent of its work force, to cut costs as it integrates recently purchased AT&T Wireless, the company said on Tuesday.