SBC to Cut 10,000 Jobs by End of 2005. 7000 gone this year

SBC to Cut 10,000 Jobs by End of 2005 After Eliminating 7,000 Already This Year

DALLAS (AP) -- Phone company SBC Communications Inc. says it expects to cut 10,000 or more jobs -- 6 percent of its work force -- by the end of next year through a combination of layoffs and attrition.

SBC announced the cuts in a filing Friday with the Securities and Exchange Commission.

SBC, which is based in San Antonio, said the newly announced cuts would come on top of its elimination of about 7,000 jobs in the past year primarily through "normal attrition."

"Based on a number of initiatives to improve efficiencies, we currently anticipate there will continue to be additional workforce reductions through attrition or involuntary programs that could exceed 10,000 by December 31, 2005," the company said in the filing

SBC announced the cuts in a filing Friday with the Securities and Exchange Commission.

notice the date? it was on the first page of the business section in the san antonio paper. i have republican classmates who work at sbc & all the sympathy i could dredge up came out as a snicker. :evilgrin:

dg

and I am still going to college. I have no degree. I cannot lose this job!

be prepared and start looking if you haven't already for something else.

but i honestly can't say the same for the republicans i went to school with. it appears that most of the layoffs are coming from management, which is where they are.

dg