Which jobs are on the chopping block?
AT&T says its jobs will likely be among those impacted by the government shutdown, but its chief executive officer said his company will “make the best of the situation.”
“We have to be smart about the fact that the next couple of weeks we’re going to be having to cut back on our operations and things that people do, and we’re not going to take any shortcuts,” Jeff Immelt said in an interview on Bloomberg TV.
“That’s why we’re having a big push into technology, we’re in the process of doing that and also doing things like expanding the workforce and getting rid of a lot of unnecessary and redundant employees, but we’re also going to make the best out of the worst.”
The Communications Workers of America union says that AT&t’s announcement comes as the company is in the midst of a massive restructuring, including laying off nearly 1,500 workers.
“Today, AT&ts CEO made the boldest statement yet that his company is making the best use of the opportunity presented to it by the shutdown,” Communications Workers President David Trachtenberg said in a statement.
“It is our hope that these actions will help restore AT&Ts competitiveness, but the actions of its CEO have put the company in a difficult spot.”
Immelt also said that he expects AT&thats workforce to remain strong as it works to recover from the shutdown. “
As we move forward, we will continue working together to win back the public’s trust and to improve our corporate culture.”
Immelt also said that he expects AT&thats workforce to remain strong as it works to recover from the shutdown.
“We will do everything in our power to continue to build and sustain our workforce,” he told Bloomberg.
“This will help us build on our momentum as we move toward the holiday season.”
The company said it has cut about 9,000 jobs since March 31, with about 1,300 of those employees in the US.
Immelt has said that the company will be open to negotiating a new contract with its workers, and said the company had a “really good conversation” with unions and other stakeholders during its recent earnings call.
The company is currently working on a plan to pay $9.4 billion in cash and buy back stock.
In February, Immelt laid off about 100 employees, with many more expected to be cut during the shutdown, which has shuttered about a quarter of AT&tgs US operations.