Windstream Corp. still anticipates completing its restructuring this quarter under a previously announced plan to cut 375 to 400 management positions.
David Avery, a spokesman for the company, said Thursday by email he didn’t have a breakdown on the number of employees who have been notified thus far.
Windstream’s current quarter ends on Sept. 30.
In a Securities and Exchange Commission filing earlier this year, the Arkansas-based company said the positions being cut represent about 3 percent of its workforce of 14,500 employees.
Windstream anticipates incurring pre-tax restructuring charges of $20-$25 million primarily due to severance and related costs.
The number of affected management jobs overseeing the indirect sales channel couldn’t be learned. Windstream did not provide this information when asked for it.
Channel Partners confirmed last month that Windstream channel chief Dan Sterling was laid off as part of the management cuts aimed at yielding annual savings of up to $40 million. Jeff Howe, president of the central region for Windstream, has assumed Sterling’s responsibilities.
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March 15 2019 @ 19:34:51 UTC