EMCC European Monitoring Centre on Change

AT&T

Company/Organisation:
AT&T

Geographic Location

Country: World

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 300000
Group: AT&T

Employment Effects

Announcement Date: 05-12-2008
Planned Job Reductions min: 12000
Planned Job Reductions max: 12000
Type of Restructuring: Internal restructuring
Employment Effect Start: 05-12-2008
Foreseen End Date: 31-12-2009

Additional Information

AT&T, the world´s biggest telecommunication services provider, has announced 12,000 job cuts (i.e. about 4% of the total staff) by the end of 2009 due to the global financial crisis. The restructuring costs will amount to USD 600 million.