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This just in: AT&T sees 10,000 jobs cuts after BellSouth deal

Are we shocked by this...no not at all knew it was coming.

NEW YORK (Reuters) - AT&T Inc. (T.N: Quote, Profile, Research), which has agreed to buy BellSouth Corp.(BLS.N: Quote, Profile, Research) for $67 billion in stock, on Monday said it expects to cut some 10,000 jobs between 2007 and 2009, once the acquisition has closed.

The deal, announced on Sunday, would bring ownership of Cingular Wireless, the No. 1 U.S. wireless telephone company, under one roof, which Wall Street analysts have said would streamline management and allow one parent company to enjoy all of the financial benefits.


Posted by loni on 03/06 at 11:46 AM in Blogging

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