BellSouth to Slash 1,500 Management Jobs.

NEW YORK - BellSouth Corp., the dominant local phone provider in nine Southeastern states, said Thursday it is cutting 1,500 management jobs, or 2.4 percent of its total work force, because of competition from cable providers.
The Atlanta-based company said 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 April 30, 2006.

"Reducing work force is the toughest business decision a company has to make," Chief Executive Duane Ackerman said in a statement. "We have worked hard to avoid it, but many companies our size and particularly our competitors operate with lower overhead and fewer management layers."

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

The anticipated benefit of the work force reductions is expected to be in the range of $175 million annually, the company said in a related filing with the Securities and Exchange Commission.

The cuts amount to 2.4 percent of BellSouth's 63,349 total employees that it ended the third quarter with and 7 percent of its 21,267 management employees.

http://kevxml2adsl.verizon.net/_1_2H1UTO1056LW7P__vzn.dsl/apnws/story.htm?kcfg=apart&feed=ap&sin=D8EH1OT84&qcat=finance&passqi=&top=1&ran=21190

This is DESTRUCTIVE DESTRUCTION of the economy and they're all aware of it. Any jobs that do 'come back' are going to Bangalore anyway. Why get an education ?

The same guy who continues to slash our wrists. Whoops, our jobs...

...you can get an education and then move to India to look for work. Assuming that you're willing to give up life as you know it.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=5600279&mesg_id=5600279

ever seen how many levels there are at some companies? Most filled by people who do nothing but shuffle paper and have meetings. Yeah, that's useful. When managers have managers who have managers, shit just ain't right.

Notice that it said "supervisory" and "non-supervisory".

It basically means salaried, professional, non-union jobs. The ones you work hard to get a colelge education for.

With almost all production jobs vanishing or soon to go overseas, who needs the 'higher-ups' either ? It's all part of that Race To The Bottom that Alan Tonelson wrote about and The End of Work that Jeremy Rifkin wrote about.

Suuuure. It's the first thing that popped into that little brain of yours,now wasn't it, Dee-Wayne?

notify BellSouth? I know it's true because Bush says so.

How much does a CEO need to make anyway?

Offshore the jobs and capital and, VOILA !, you have sooo much concentration of wealth in the top 1 and 1/2 percent of taxpayers (both individual and corporate) that your middle class disappears.

Read Wealth and Democracy by Kevin Phillips and find out what happens next. Hint: Look at the demise of the economic powerhouses of Spain, the Netherlands, Great Britain. Overconcentration of wealth along with 'corporate welfare' for globalization-based corporate 'individuals' leads to national disaster. And Republicans will tell you this is a good thing.

next step. Middle managers.

the early 90s.

FWIW, professional folks such as computer types are classified as 'management' to avoid unions. I suspect a goodly amount of this cut falls in applications development/support.

Can you spell o-u-t-s-o-u-r-c-i-n-g?

they'd still have my biz.