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News > Technology
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BellSouth cuts 1,200 jobs
graphic December 14, 2001: 8:31 a.m. ET

Unionized field workers to be hit at telecom service provider.
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  • Holiday job cuts mount - Dec. 13, 2001
  • BellSouth misses 3Q forecasts, plans to slash 3,000 jobs - Oct. 18, 2001
  • Special Report: Pink slip blues
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  • BellSouth
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    NEW YORK (CNN/Money) - BellSouth Corp. joined the list of companies announcing pre-holiday job cuts Friday when it said it would shave 1,200 technical field workers from its staff.

    The positions being eliminated are union represented. The company said they represent about 2 percent of its 53,000 unionized employees, and about 1 percent of its overall staff. The company announced in October it would cut 3,000 management staff, most from its headquarters in Atlanta.

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    "The reductions we are announcing are tied to an economy that has slowed significantly over the course of the past year and to a resulting drop-off in the volume of demand work we have been experiencing," said a statement from Rod Odom, a BellSouth executive vice president.

    The announcement brings to nearly 25,000 the number of job cuts revealed by major companies so far this week.

    Click here for CNN/Money special report: Pink slip blues

    Shares of BellSouth (BLS: Research, Estimates)  gained 46 cents to $38.60 in trading Thursday ahead of the announcement. graphic

      RELATED STORIES

    Holiday job cuts mount - Dec. 13, 2001

    BellSouth misses 3Q forecasts, plans to slash 3,000 jobs - Oct. 18, 2001

    Special Report: Pink slip blues
      RELATED LINKS

    BellSouth




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