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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (22664)2/2/2005 4:31:17 PM
From: RealMuLan  Read Replies (1) | Respond to of 116555
 
"SBC Communications Inc. announced it will cut about 13,000 jobs after its closes on its $16 billion acquisition of AT&T Corp., according to wire-service reports. SBC executives stated that they hope to cut $2 billion by eliminating redundant jobs and facilities. About 60 percent of that annual saving would come from job cuts, although the company stressed that many cuts would probably come from attribution and not layoffs."

cfo.com


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