By announcing it would trim 5% of its workforce, Windstream reminds us that the transition from a traditional ILEC to a broadband carrier has its costs. The Great Recession certainly doesn’t help either. Windstream, the Arkansas based ILEC with operations in 16 states, is “… restructuring its workforce as it continues to transform to a broadband and business enterprise model,” according to a company release.
The cuts equate to about 350 jobs. Windstream says the cuts will “… offset revenue pressure in the residential voice business.” Windstream has approximately 7,100 employess. As a result of the layoffs, Windstream says it will take a 4Q09 charge of about $15 million and will offer counseling and outplacement counseling services.