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30,000+ Family-Supporting Jobs at Risk if AT&T Accepts Elliott Management’s Destructive Proposals
Research compiled by the Communications Workers of America (CWA) estimates that more than 30,000 family-supporting jobs will be at risk of elimination or a reduction in wages and benefits if AT&T’s leadership engages in the restructuring and divestitures proposed by Elliott Management and its CEO Paul Singer.
AT&T is Abandoning Puerto Rico and the U.S. Virgin Islands
Just weeks after billionaire CEO Paul Singer’s Elliott Management Corporation announced that it had acquired about 1% of AT&T and laid out plans to extract profits from the company by cutting jobs and selling off critical assets, AT&T announced its intention to sell off wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America, a company with a history of union-busting and job cuts.
AT&T está abandonando a Puerto Rico y las Islas Vírgenes Americanas
A solo semanas que el multi millonario CEO Paul Singer por medio de su empresa Elliot Management Corporation anunciara que adquirieron 1% de AT&T y estableció planes para extraer ganancias de dicha empresa por medio de recortes de trabajos y la venta de activos críticos, AT&T anunció su intención de vender las operaciones de línea fija e inalámbrica en Puerto Rico e Islas Vírgenes Americanas a Liberty Latino America, una empresa con una historia de atacar uniones y recortes de empleo.
Union Representing 100,000 AT&T Employees Writes To AT&T Board, Business Roundtable: Stick To Your Word, Reject Damaging Proposals From Elliott Management
In two letters publicly released today, the Communications Workers of America (CWA) is urging AT&T’s CEO, board of directors and largest investors and Business Roundtable to put a stop to controversial proposals from Elliott Management that CWA says will cut jobs and destroy long-term value and are the “archetype ploy of vulture capitalists.”
AT&T Must Reject Elliott Management’s Outdated Corporate Raider Strategy that Destroys Jobs and Long-Term Value
This week, Elliott Management announced its plan to extract profits from AT&T by eliminating jobs and sending work to low-wage contractors, further enriching its billionaire founder and CEO Paul Singer. Adoption of these proposals will harm AT&T’s workers, customers and long-term investors, and the Communications Workers of America is firmly opposed to this strategy.