European Parliament Passes Law to Restrict Cash Payments to €10,000
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THE LONG-DISTANCE TELEPHONE COMPANY AT&T WILL SET ASIDE $1BN TO PAY FO...
World | January 5, 2002, Saturday // 00:00
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The long-distance telephone company AT&T will set aside $1bn to pay for 10,000 job cuts this year. The company, whose cable television operations are due to be sold to Comcast, said tough competition and a weak economy had forced it to slash costs. Just over 5,000 of the staff affected have either left already or they have been told that their jobs will be lost, AT&T said.
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