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As AT&T reorganizes, employees regroup

Article Abstract:

AT&T New York headquarters exemplifies downsizing and restructuring as the company splits into three different entities. Issues emerging from the 40,000 lay-offs, department divisionism and spin-offs are as large as corporate culture and as personal as employees' sense of self-worth. The sheer size, 289,000 employees in new york and 50,000 in New Jersey, of the company makes it a community with its own culture and traditions, which will be reinvented in the forthcoming year of flux. The company will break into communications services, computers and communications equipment companies. A premier examination of the AT&T community's evolution through 1997 begins with a chronicle of the effect on the personnel. Warehouse workers in Piscataway, NJ are closer friends now as their former co-workers have left the area and their job security is in a 90-day hiatus of transition.

Management, Human resource management, Telecommunications services industry, AT&T Corp., Company restructuring/company reorganization, Reorganization and restructuring, Company personnel management, Social issue, Social conditions

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AT&T to offer $3.3 billion to own all of LIN

Article Abstract:

The wireless division of AT&T will offer $3.3 billion to acquire the remaining part of LIN Broadcasting Co that it currently does not control. Company officials report that McCaw Cellular Communications, the cellular operator acquired by AT&T in fall 1994, will acquire roughly 26 million shares of LIN stock at a price of $127.50 per share. McCaw acquired a 52% stake in LIN in 1989 and had the right to purchase the remainder of the company in 1995 at an assessed market value price. LIN controls a television station and cellular phone operations in Los Angeles, CA; Houston and Dallas-Fort Worth, TX; and New York, NY. McCaw's right to purchase LIN was seen as an integral part of AT&T's decision to purchase McCaw in 1994, as LIN serves some of the nation's largest cellular areas.

Planning, Company investment, Investments, Communications industry, Securities, American Telephone and Telegraph Co., AT&T Wireless Services Inc., Company business planning, LIN Broadcasting Corp., LINB, MCWA

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Voluntary buyout offer extended by Bell Atlantic

Article Abstract:

Bell Atlantic Corp. has extended a voluntary buyout offer or "force management program" to some of its 47,000 non-unionized management employees. A company spokeswoman denied that large cross-company job cuts were planned. Rather, she said, the cuts fall "within the normal course of business," helping specific departments meet existing budget targets. A memo from the CFO of one finance group said that involuntary reductions might take place later in the year unless sufficient cuts are made through the voluntary buyout program.

Comment:

Offers a voluntary buyout to management employees in some departments

United States, Company Planning/Goals, Personnel administration, Bell Atlantic Corp., Company Profile, Article

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