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.
On a National Day of Action on Wednesday, hundreds of CWA members across the country made phone calls to Congress to pressure them to pass the PRO Act.
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.
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.
Marge Krueger, CWA Director of Airline Passenger Service, was honored this week as the Allegheny County Pennsylvania Central Labor Council Woman of the Year.
In new Tunney Act comments filed today with the DoJ Antitrust Division, CWA assessed the Department’s proposed Final Judgment on the T-Mobile/Sprint merger and the announced divestiture deal with DISH.
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.
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.
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