Windstream 2nd Provider to Announce Layoffs Thursday

If bad news comes in threes, then the telecom industry is down two with one to go today.

After AT&T Inc. announced Thursday it’s cutting 12,000 jobs, rural carrier Windstream Corp. (WIN) said it’s laying off 170 employees to cut costs. That totals about 2 percent of the rural LEC’s work force.

Windstream’s stocks closed down 7.53 percent on the news Thursday, at $8.11.

Share this article: Email, Slashdot, Digg, Del.icio.us, Yahoo!MyWeb, Windows Live Favorites, Furl
Add this article feed to: RSS, My Yahoo, Newsgator, Bloglines

Read Comments [2]