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BEIJING, March.7 (Xinhuanet) -- AT&T said Monday
it plans to eliminate about 10,000 jobs following its $67 billion
acquisition of BellSouth so as to reduce costs and beef up
its bussiness in the increasingly competitive telecoms sector.
The proposed 10,000 job cuts will take place over the
next three years, mostly through normal employee turnover rather than
layoffs, AT&T said Monday.
The 10,000 planned cuts are in addition to the 26,000 job
cuts AT&T has already announced, 13,000 due to SB
Communications'acquisition of AT&T Corp., which closed in November, and
13,000 due to shifting priorities in its operations. The combined SBC-AT&T
took the name AT and T Inc.
The latest job cuts are part of an $18 billion cost
reduction plan, which is cited as one of the biggest benefits of the BellSouth
deal.
The combined company also aims to reduce annual overheads
by as much as $2 billion a year once the deal is complete.
The Bell merger deal, expected to close next year after
shareholder and regulatory approval, would establish AT&T as the
nation's largest phone company by uniting three US
phone companies including AT&T, BellSouth and Cingular. It
would have nearly half of all lines, be the largest cell-phone carrier and the
largest provider of broadband Internet service. Enditem
(Agencies) |