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

8,000 jobs
Number of planned job losses
Job loss
Announcement Date
28 January 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

Sprint Nextel, US-based global telecommunication company, plans to cut 8,000 jobs out of 57,000 worldwide by the end of 2009 due to the global recession. The restructuring measures are aimed at cutting annual costs by USD 1.2 billion.


Sources

  • 28 January 2009: Hospod├írske noviny

Citation

Eurofound (2009), Sprint Nextel, Internal restructuring in World, factsheet number 68003, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68003.