[GSTX eliminates 100 employee positions (8% of work force) to cut costs.]
Friday March 10, 4:00 pm Eastern Time
Company Press Release
SOURCE: GST Telecommunications, Inc.
GST Telecommunications Eliminates Approximately
100 Employee Positions
VANCOUVER, Wash., March 10 /PRNewswire/ -- GST
Telecommunications, Inc. (Nasdaq: GSTX - news), a leading
Integrated Communications Provider (ICP) in California and
the western United States, today announced that it is
eliminating approximately 100 employee positions.
The reductions, totaling approximately eight percent of GST's
work force, affect both managerial and support staff.
According to Tom Malone, acting chief executive officer of
GST, the reductions are a result of efforts to reduce costs
and allocate additional resources to data and Internet
initiatives.
GST Telecommunications, Inc., an Integrated Communications
Provider (ICP) headquartered in Vancouver, Wash., provides a
broad range of integrated telecommunications products and
services including enhanced data and Internet services and
comprehensive voice services throughout the United States,
with a robust presence in California and the West.
Facilities-based GST continues to focus on its western
regional strategy by anchoring its next generation networks
in local markets and connecting them via long haul fiber
networks. Visit GST's Web site at www.gstcorp.com.
SOURCE: GST Telecommunications, Inc. |
