Posted on 03/26/2004 5:09:54 PM PST by El Conservador
McLEAN, Va. - Bankrupt telecommunications company MCI said Friday it is cutting 4,000 jobs — more than 7 percent of its work force — and closing three call centers because of cost-cutting pressures and fallout from the national Do Not Call registry.
The company had announced in January that it was expecting to reduce overall costs by 15 percent to 20 percent, but did not mention specifically that jobs would be cut.
The centers being closed are located in Denver, Phoenix and Niles, Ohio. Jobs are also being reduced at MCI facilities in Alpharetta, Ga., Colorado Springs, Colo. and Springfield, Mo.
"As a result of the impact of federal and state 'Do Not Call' laws, as well as ongoing telecom market trends, we need to take this action in order to improve our overall cost structure," the company said in a statement. "These actions will in no way impact our ability to serve our customers."
MCI, formerly known as WorldCom, is hoping to emerge from bankruptcy protection by the end of April. It entered bankruptcy in July 2002 after an accounting scandal that resulted in billions of dollars in overstated profits and criminal charges against its top executives.
MCI employs about 54,000 workers. In Phoenix, about 850 workers will lose their jobs. In Denver, about 950 will be laid off and 650 workers will be laid off at the Niles call center, according to the company. Layoff numbers for the other three centers were not available.
The cuts will take effect in May and June.
MCI still operates 15 telemarketing and customer-service centers across the country, a company official said.
MCI has sought to reduce its annual costs by 15 to 20 percent while in bankruptcy. Earlier this year, the company announced that it expects revenue to drop 10 to 12 percent in 2004 — including a drop of as much as 25 percent in the domestic long-distance market, where MCI is the nation's second-largest provider. Company officials said increased use of cell phones, industry competition and effects from national Do Not Call legislation all contribute to the decline.
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On the Net:
www.mci.com
Thank you for that lesson in Bad Economics 101.
One where you are not scamming.
MCI and the telemarketers brought this on themselves.
Deal with it.
I'll hire another three. They will tap on your window in the middle of the night and then bill you for house calls.
I hate MCI with the fury of 1,000 white-hot suns. You bastards screwed up my billings so often that I had to stop paying the bills completely in order to get someone on the phone to talk to me! And, gee what do you know, nobody who ever talked to me had the slightest idea who Bernie Ebbers was!
I not only got the hell away from MCI, I bailed out of LD providers entirely and now have 2.9c/min calling anywhere in the USA, 24hr/day.
SCREW MCI, 'n screw you.
MCI, formerly known as WorldCom, is hoping to emerge from bankruptcy protection by the end of April. It entered bankruptcy in July 2002 after an accounting scandal that resulted in billions of dollars in overstated profits and criminal charges against its top executives.
Since you like slogans try this one; Only crooks work for crooks.
MCI is the only company I can say I honestly hate. They were so crooked with their billing and then they called me day and night trying to get me to rejoin their "family".
Ha! I would rather have been adopted by the Borgias and told them so. Not surprisingly, their harassers had no idea who the Borgias were.
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mcihustler
Since Mar 27, 2004
Is it the 27th in Bombay already? |
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