Embarq cuts hundreds of jobs as revenue falls
Published: Sat, Aug. 23, 2008 12:30AM
Modified Sat, Aug. 23, 2008 02:02AM
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closeKANSAS CITY, MO. -- Telecommunications provider Embarq is cutting 500 to 700 jobs and eliminating about 300 contract positions as it deals with the loss of telephone customers.
The Kansas company said the job cuts will all come from its Network Services organization, which installs and maintains its network.
The job cuts would amount to about 3 percent to 4 percent of Embarq's work force of more than 17,000. The cuts will include an unknown number of jobs in North Carolina, where Embarq employs about 3,300.
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Embarq will ask managers and nonsalaried workers to take voluntary buyouts.
If not enough employees take the buyout, the company will begin layoffs, spokesman Charles Fleckenstein said.
Embarq, the nation's fourth-largest traditional phone company, has lost customers to wireless and Internet phone services. It also has been hurt by the slowdown in new housing.
Embarq shares rose 74 cents, or 1.6 percent, to $48.50.
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