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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.
CWA Press Release

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.”