facebook
twitter
rss
account
search
search
 

Windstream says cutting 400 jobs to increase efficiency

Feb. 21, 2014 at 8:43 PM   |   Comments

LITTLE ROCK, Ark., Feb. 21 (UPI) -- U.S. communications and data storage firm Windstream said Friday it is trimming its workforce by 400 positions.

The Little Rock, Ark., firm said in a statement on its website it is eliminating the jobs by March 3. About 175 employees took a voluntary buyout, the company said.

Windstream has about 13,500 employees.

The company said it is reducing its workforce to increase its operational efficiency while it focuses on improving its position as a network communications and services provider.

"Changes that affect people are never easy, but they are necessary for Windstream to succeed in a highly competitive marketplace," said Jeff Gardner, Windstream's president and chief executive officer. "We continue to invest in our growth areas, primarily business services and consumer broadband, and at the same time we must maintain a disciplined approach to expense management."

The Fortune 500 company expects to save about $20 million a year through the cuts. It said it would take a charge of up to $10 million in the first quarter, reflecting the employee severance costs.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
EU demands solution to gas crisis EU demands solution to gas crisis
2
Bakken oil pipeline, Sandpiper, delayed Bakken oil pipeline, Sandpiper, delayed
3
Emissions down in oil and gas sector Emissions down in oil and gas sector
4
All staff back in Iraq, Gulf Keystone Petroleum says All staff back in Iraq, Gulf Keystone Petroleum says
5
Army orders more spare parts for small unmanned aerial systems Army orders more spare parts for small unmanned aerial systems
Trending News
x
Feedback