TELECOM Digest OnLine - Sorted: BellSouth Laying Off 1500 Managers, Other Staff

BellSouth Laying Off 1500 Managers, Other Staff

Reuters News Wire (reuters@telecom-digest.org)
Fri, 16 Dec 2005 00:28:07 -0600

BellSouth Corp. the third largest U.S. phone company, said on Thursday
that it plans to eliminate 1,500 management positions and other jobs
across the company, resulting in after-tax charges of $95 million. Quite
a few of these will occur in the New Orleans offices of the company.

In a statement, the Atlanta-based company said it plans to recognize
about $50 million of the charges during the current fourth quarter.

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,
BellSouth said.

"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.

Copyright 2005 Reuters Limited.

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[TELECOM Digest Editor's Note: It certainly makes for a very Merry
Christmas for the employees of the company, doesn't it ... PAT]

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