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30,000 Jobs at Risk As Billionaire Takes Aim at AT&T
News
October 17, 2019
Billionaire Paul Singer's hedge fund Elliott Management has bought shares of AT&T and launched a campaign arguing for the company to cut costs by laying off workers.
Companies Putting Shareholders Ahead of Workers are Harming our Communities
News
October 17, 2019
CWAers briefed members of Congress and their staff this week on how the recent rise of stock buybacks is harming workers, communities, and the whole economy.
30,000+ Family-Supporting Jobs at Risk if AT&T Accepts Elliott Management’s Destructive Proposals
Press Release
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
Press Release
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.
CWA to AT&T Board and Investors: Reject Damaging Proposals from Elliott Management
News
October 3, 2019
Elliott Management purchased about 1% of AT&T's stock and announced plans last month to extract profits from the company by cutting jobs and selling off critical assets.