Sprint to Cut 700 Jobs
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Sprint Corp. , said on Friday it plans to reduce by up to 700 jobs in its business solutions unit as it realigns its business to focus on wireless and Internet-based telecommunications offerings.
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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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Sprint Corp. is the latest long distance company to begin distancing itself from its long distance market. sprint said Friday it will cut 700 positions in its 61,000-employee base in its shift away from long distance.
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Sprint Nextel Corp  said on Thursday that it might have to write off all of the $30.7 billion goodwill value from its purchase of Nextel Communications and smaller deals as it struggles with customer losses.
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan to improve sagging financial and operational results.
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AT&amp;T Corp. said it will cut one-fifth of its work force this year -- or 7,400 more jobs -- and write down $11.4 billion of assets as the phone company retreats from the residential business it once dominated.
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Sprint Nextel , the No. 3 U.S. mobile service, said on Friday it will cut about 4,000 jobs and close about 8 percent of its stores, predicting further pressure on its ability to attract subscribers and turn a profit in 2008.
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Chicago - Motorola will cut 1 000 jobs and take a charge of $50 million (R320.5 million) for severance benefits as it moves to complete a spinoff of its money-losing semiconductor unit, the company said.
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By DAVID TWIDDY    KANSAS CITY, Mo.  -- Sprint Corp...
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Almost 700 jobs are to go at Allders as its administrators cut costs at the stricken company.
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Timken Co. TKR.N on Friday said it   would cut about 700 jobs, or 5 percent, of its automotive group   employment, and significantly lowered its earnings outlook. It   cited a fall in North American auto industry production,   sending shares down more than 10 percent.
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Motorola Inc. announced Tuesday plans to cut 1,000 jobs worldwide and take a charge of $50 million for severance benefits. The job cuts are part of a restructuring resulting from the spin off of its semiconductor division into Freescale Semiconductor.
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Motorola Inc., the world&#39;s second-largest maker of mobile phones, will cut 1,000 jobs as the company prepares to spin off its computer-chip business, costing $50 million in severance payments.
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Motorola Inc. will cut 1,000 jobs worldwide and take a charge of $50 million for severance benefits, officials said Tuesday.
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Motorola Inc. , the world&#39;s  second-biggest mobile phone maker, said it expects to cut an  additional 4,000 jobs, bringing the total to 7,500 this year,  as it works to reduce costs to return to profit.
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- Motorola Inc.  said it expects to cut an additional 4,000 jobs as it continues to lower costs.
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Sprint is attempting to rid itself of customers who frequent its customer service lines by informing them that it would cancel their service effective July 30.