Sprint To Chop 8,000 Jobs By March 31

Iria · Jan 26, 2009, 02:50 PM

Sprint Nextel this morning said it will cut 8,000 jobs by March 31 as part of a program to internal and external labor costs by about $1.2 billion a year. The total includes 850 positions expected to be eliminated under a voluntary separation plan started late last year. Sprint said it will take a Q1 charge of more than $300 million for severance and related costs.
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Source: TechTraderDaily

Jan 26, 2009, 02:50 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Sprint To Chop 8,000 Jobs By March 31 Sprint Nextel this morning said it will cut 8,000 jobs by March 31 as part of a program to internal and external labor costs by about $1.2 billion a year. The total includes 850 positions expected to be eliminated under a voluntary separation plan started late last year. Sprint said it will take a Q1 charge of more than $300 million for severance and related costs. _____________ Source: TechTraderDaily