AT&amp;T boosts 2004 job cuts to 20 percent
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AT&amp;T Corp. will cut more than 20 percent of its workforce this year, ratcheting up its planned layoffs from a previously estimated target of 8 percent, the long-distance telecommunications carrier announced Thursday.
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Telecommunications equipment maker Alcatel-Lucent  could cut more than 20 percent of its world-wide staff, French weekly L'Expansion reported on Tuesday, citing industry sources.
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The job cuts are a part of the company&#39;s efforts to shift its focus to business services and cut costs amid the competitive long-distance telephone services market.
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Countrywide, the biggest US mortgage lender, will cut up to 20% of its staff, as business slumps.
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AT&T, the nation's biggest long-distance carrier, said that its profit jumped a better-than-expected 84 percent in the fourth quarter as it cut costs.
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(InfoWorld) - AT&T will add about 2,000 previously outsourced technical support jobs to its own payroll, the company announced Thursday. The jobs are related to supporting AT&T DSL (Digital Subscriber Line) customers who self-install their service or have other basic questions, AT&T said. The jobs, to be added to AT&T's payroll by the end of 2008, have been provided by outsourcing vendors in the U.S. and overseas. An AT&T spokesman did not have a breakdown of where the outsourcing jobs were located. The decision is an "example of how we're working together with our union to add jobs in growing parts of our company," Bill Blase, AT&T's executive vice president for labor relations, said in a statement. AT&T is assessing where to locate the jobs, the company said. The DSL jobs are the second group of jobs that the company and the Communications Workers of America union have agreed to create in recent months. Over the last three months, AT&T and the union agreed on contracts for technicians who will install AT&T's new U-verse video service in homes.
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Investors on Friday cheered a decision by AT&amp;T, the largest US provider of long-distance service, to eliminate more than 20 percent of its work force this year and write off $11.
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Electronic Data Systems plans to cut 15,000 to 20,000 jobs over the next two years, as the struggling technology services giant tries to slash costs and regain its footing.
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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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U.S. planned job cuts soared to an  eight-month high in September while new hiring rose only  slightly, a report said on Tuesday.
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TORONTO -- Nortel Networks yesterday gave details of a previously announced job cut program, saying it is cutting 1,400 positions in the United States by next June.
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A rash of job cuts â-ore than 16,000 layoffs just this week from a handful of companies, including AT&amp;T Corp. â -e created some gloom on the jobs front.
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New offer is 20% above earlier approach.
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Electronic Data Systems Corp. , one of the world's biggest computer services companies, is likely to cut up to 20,000 jobs over the next two years, the company's chief executive said on Thursday.
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TORONTO Â· Nortel Networks Corp. gave details of a previously announced job cut program Thursday, saying it is cutting 1,400 in the United States by next June.
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The AT&amp;T Corporation, the nation&#39;s largest long-distance provider, said yesterday that it would eliminate more than 20 percent of its work force this year and write off $11.
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Cingular Wireless plans to cut about 10 percent of its work force next year as the company adjusts to complete its recent merger with Redmond-based AT&amp;T Wireless Services inc.