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Sprint Corp. Says It Will Eliminate 1,100 Jobs, Some of Them in Las Vegas

Posted on: Friday, 18 June 2004, 06:00 CDT

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Sprint Corp. on Wednesday said it will lay off up to 1,100 workers systemwide, including Las Vegas.

The company is eliminating 250 corporate jobs and 850 Sprint Business Solutions workers in nonsales positions.

Sprint will not know how many jobs will be affected in Southern Nevada until mid-July, spokeswoman Detra Page said Wednesday. The telephone company employs 115 workers in Sprint Business Solutions in Southern Nevada, but some of those are sales jobs, which are not being eliminated.

The company has cut more than 22,000 jobs in the past two years.

Sprint Business Solutions President Howard Janzen said the cuts will be systemwide, with about half in the Kansas City area. Sprint, based in the Kansas City suburb of Overland Park, employs about 70,000, including about 20,000 in the Kansas City area.

Affected employees will be notified by mid-July and will be eligible for severance benefits, such as extension of pay and benefits and help finding another job, the company said.

The company said it is reducing employees to "align company resources with customer segments and to maintain a cost structure that reflects highly competitive long-distance market conditions."

The company continues to expect 70 to 75 cents per share for the year in consolidated adjusted earnings.

However, Sprint said stronger performance in the PCS wireless division and steady performance in the local division will offset decreased contributions from the global markets division.

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