Press Releases

AT&T unveiled a new three-year plan focused on boosting share prices. The company’s commitment to spend free cash flow on stock buybacks, appoint new directors to its board, and review its portfolio with an eye toward selling off parts of its business puts the concerns of a few wealthy shareholders above serving customers by investing in the network and its employees.

Citing the importance and urgency of building worker power, the Communications Workers of America’s Executive Board voted unanimously to make supporting the Protecting the Right to Organizing (PRO) Act a litmus test for 2020 incumbent political candidates to receive a CWA endorsement.

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.

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.

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.