Four new reports from the Communications Workers of America (CWA) show that AT&T is neglecting rural and suburban communities across the Midwest. Focusing on Wisconsin, Ohio, Michigan and Indiana, the reports detail how AT&T is cutting its workforce and creating service problems for customers and public safety hazards.
A new analysis of AT&T’s March proxy statement and annual report by the Communications Workers of America (CWA) shows the telecom company eliminated 23,328 jobs since the Tax Cut and Jobs Act passed in late 2017, including nearly 6,000 in the first quarter of 2019.
When the Republican corporate tax cut bill was being debated, AT&T CEO Randall Stephenson was happy to make big promises to the American people that if it passed, AT&T would create thousands of new jobs.
Since the passage of the Republican corporate tax cut bill, companies like AT&T have failed to raise wages for their employees, and have instead funneled their massive profits from the tax bill into stock buybacks that only benefit executives and large shareholders.
CWA President Chris Shelton testified in front of the House Ways and Means Committee Wednesday about the impact of the Tax Cut and Jobs Act on working Americans and called on Congress to hold big corporations accountable for their failed promises to raise wages and create jobs with their tax windfalls.
The Republican “Tax Cuts and Jobs Act” created additional incentives and rewards for profits to be made overseas by allowing companies to pay significantly less of the corporate tax rate on profits earned abroad as they would in the United States, while also exempting certain types of overseas corporate investments from taxes entirely.
This week, hundreds of CWA members from the Telecommunications and Technologies (T&T) sector held an informational picket at AT&T's corporate office in San Antonio to call on the company to keep good, family-supporting jobs in their communities.