News : Business : Sprint to cut 4,000 jobs, close 125 stores

Sprint to cut 4,000 jobs, close 125 stores

Friday, 18-Jan-2008 10:10AM EDT
Story from United Press International. Copyright 2008 by United Press International (via ClariNet)

RESTON, Va., Jan. 18 (UPI) -- Struggling Sprint Nextel says it expects to eliminate 4,000 positions and close 125, or 8 percent, of its company-owned retail stores.

Layoffs are likely to be completed in the first half of the year and will include management and non-management positions, Sprint said.

The Reston, Va., company has about 20,000 total distribution points, including nearly 1,400 company-owned retail locations, the Wall Street Journal said.

Sprint said that it had a net loss in the fourth quarter of 683,000 post-paid subscribers. That more than offset a gain of over 700,000 subscribers.

Add to:
Fark
Digg
Del.icio.us
reddit
MyWeb

Forums: Sprint to cut 4,000 jobs, close 125 stores

Tags Related to Sprint to cut 4,000 jobs, close 125 stores

popularq.net is an independent survey program and is not affiliated with any of the listed products or retailers. popularq.net programs are provided for entertainment purposes only. The survey results are not scientific and reflects th e opinions of only those Internet users who have chosen to participate. The results cannot be assumed to represent the opinions of I nternet users in general, nor the public as a whole. Trademarks, service marks, logos, and/or domain names (including, without limit ation, the individual names of products and retailers) are the property of their respective owners, who have no association with or make any endorsement of the products or services provided by popularq.net. popularq.net does not provide any free products. popularq .com does not keep any personal identifiable information. Make sure to check the terms of conditions and privacy statements of all a dvertisers. popularq.net is not responsible for advertisers content or functionality of advertiser sites.