Sprint looks for USD1.2bn savings from job cuts

January 27, 2009 at 20:30 Leave a comment

The loss-making US cellular operator Sprint Nextel has announced that it will cut its workforce by 13% as it streamlines its operations in an attempt to make annual cost savings of USD1.2 billion. The job cuts will be across all levels of the workforce and are expected to be carried out by end-March. The latest redundancies come on the back of 4,000 job cuts made last year. ‘Labour reductions are always the most difficult action to take, but many companies are finding it necessary in this environment,’ said Sprint CEO Dan Hesse. Last month rival operator AT&T announced that it was axing 12,000 jobs – 4% of its workforce – in an effort to cut costs.

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Entry filed under: AT&T, Financial, Job Cuts, Mobile Industry News, Mobile Network Operator, Mobile News, North America, Sprint Nextel, USA, Wireless Industry News, Wireless News. Tags: , , , , , , , , , , .

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