Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

12,000 jobs
Number of planned job losses
Job loss
Announcement Date
5 December 2008
Employment effect (start)
5 December 2008
Foreseen end date
31 December 2009

Description

AT&T, the world´s biggest telecommunication services provider, has announced 12,000 job cuts (i.e. about 4% of the total staff) by the end of 2009 due to the global financial crisis. The restructuring costs will amount to USD 600 million.


Sources

  • 5 December 2008: Hospodárske noviny

Citation

Eurofound (2008), AT&T, Internal restructuring in World, factsheet number 67638, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67638.