Wednesday, December 14, 2005

BellSouth Cuts 1,500 Manager Job Cuts

BellSouth announced a management reduction of approximately 1,500 employees. The reductions will take place in supervisory and non- supervisory management positions, including staff support functions. Most of the reductions are expected to occur through the acceptance of voluntary severance packages and are to be completed by 30-April-2006.

BellSouth will record an after-tax charge of approximately $95 million, approximately $50 million of which will be recognized in the fourth quarter of 2005.

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