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More Bucks for AT&T Execs, Pink Slips for Workers
Top leaders of AT&T continue to outsource members' jobs to India and other countries while feathering their own nests.
In a recent SEC filing, the company reported that when the merger with SBC goes through, AT&T CEO David Dorman will receive early access to $17.7 million in stock shares and options that otherwise would have been spread out over several years.
A $31 million severance pool was approved for top executives who leave as a result of the merger - but wait. AT&T says it might set aside $100 million for cash retention bonuses to entice the top execs to hang around for at least six months after the merger is completed.
Meanwhile, AT&T is planning to shut more call centers next week in Atlanta, St. Louis and Mesa, Ariz., giving the boot to about 1,000 service representatives.
CWA is running newspaper and radio ads in those cities blasting the outsourcing of these jobs while AT&T earns huge revenues in our communities and enjoys millions of dollars of taxpayer-funded government contracts.
"These jobs cuts are completely unnecessary - simply a matter of greed," said CWA President Morton Bahr, who noted: "They could easily have brought work into these centers that they have been contracting to India, the Philippines and other countries where low-paid workers are doing exactly the same jobs."
CWA is seeking a moratorium on job cuts pending discussions over the integration of AT&T into SBC.
In a recent SEC filing, the company reported that when the merger with SBC goes through, AT&T CEO David Dorman will receive early access to $17.7 million in stock shares and options that otherwise would have been spread out over several years.
A $31 million severance pool was approved for top executives who leave as a result of the merger - but wait. AT&T says it might set aside $100 million for cash retention bonuses to entice the top execs to hang around for at least six months after the merger is completed.
Meanwhile, AT&T is planning to shut more call centers next week in Atlanta, St. Louis and Mesa, Ariz., giving the boot to about 1,000 service representatives.
CWA is running newspaper and radio ads in those cities blasting the outsourcing of these jobs while AT&T earns huge revenues in our communities and enjoys millions of dollars of taxpayer-funded government contracts.
"These jobs cuts are completely unnecessary - simply a matter of greed," said CWA President Morton Bahr, who noted: "They could easily have brought work into these centers that they have been contracting to India, the Philippines and other countries where low-paid workers are doing exactly the same jobs."
CWA is seeking a moratorium on job cuts pending discussions over the integration of AT&T into SBC.