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Why The Lay-Off? AT&T Posts 17 Pct. Rise in Q4 Profit |
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Thursday, 25 January 2007 |
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at$t announced on January 22, 2007 that 188 dedicated members of the bargaining unit will be laid off on March 23, 2007 while they rake in massive profits. Their greed continues while our Members pay for it.
Associated Press AT&T Inc. said Thursday that fourth quarter earnings rose 17 percent, boosted by growth in wireless subscribers and in its enterprise businesses. For the quarter, the nation's largest provider of phone, wireless and broadband Internet services posted net income of $1.94 billion, or 50 cents a share, versus $1.66 billion, or 46 cents share in the prior year's quarter. Operating revenues reached $15.9 billion, a 23 percent increase from $12.9 billion in the final quarter of the 2005. The results were the first reported since AT&T completed in December its $86 billion acquisition of BellSouth Corp., the largest telecommunications takeover in U.S. history, and included some costs associated with the merger. |
