Sprint Nextel Planning Large Scale Job Cuts
Published on: 14th Jan 2008
Note -- this news article is more than a year old.
US based Sprint Nextel is reported to be considering a second round of redundancies said to be be "extensive". The scale of the layoffs isn't clear, but they are likely to be in the range of a few thousand, the Wall Street Journal reports. Daniel Hesse, Sprint's new CEO is planning to raise the issue with the company's board later this week. The future of the troubled WiMAX network is also expected to be discussed.
The company, which has about 60,000 employees, let 5,000 workers go last year.
The company is also considering plans to rationalise its headquarter facilities the newspaper reported. After Sprint merged with Nextel in 2005, the company established its corporate headquarters in Virginia, Nextel's former HQ. Sprint's huge 200-acre campus in Kansas City's Overland Park became an operational headquarters.
About 4,500 Sprint workers are in the Virginia and Washington DC area. The Kansas City area is home to more than 13,000 workers. The paper reported that the company may close its Virginia center and centralise the operations in Kansas.
Sprint declined to comment on the report.
On the web: Wall Street Journal