AT&T Says Goodbye to 12.000 Employees - Impact of Economic Crisis

Impact of economic crisis create problems again. One of the world’s major operators - AT&T - even have to retire 12 thousand employees while.

AT&T is not able to bear the burden of their employees and hopes to reduce expenditure with do the termination of employment

AT&T will make termination of employment up to 4 percent of the total their employee, so can make savings up to U.S. $ 600 million.

Employees trimming will begin in December and this process will continue until 2009.

Thus, AT & T is the big IT and telecommunications company that announced the shakiness, result of the financial crisis. Previously, some IT companies with big names like Yahoo, HP, Nokia and Xerox also have to do the same thing.

Tags: AT&T