AT&T; Cutting 500 Jobs in Wireless Unit
AT&T; Corp., whose cable-television business is being acquired by Comcast Corp., said it’s cutting about 500 jobs at that unit’s headquarters to pare costs.
AT&T; Broadband, the biggest U.S. cable provider, began notifying workers Tuesday, spokesman Andrew Johnson said. About 12% of the company’s Englewood, Colo., work force of 4,400 will be fired or transferred. AT&T; shares fell 62 cents to $14.18 on the New York Stock Exchange.
For the record:
12:00 a.m. Feb. 21, 2002 FOR THE RECORD
Los Angeles Times Thursday February 21, 2002 Home Edition Main News Part A Page 2 A2 Desk 1 inches; 33 words Type of Material: Correction
AT&T; job cuts--A headline in Wednesday’s Business section incorrectly stated AT&T; was cutting jobs in its wireless unit. The job cuts are in its cable-television business. AT&T; Wireless is not a unit of AT&T; it was spun off last year.
