Archive for Saturday, May 8, 2004

Sprint to cut 550 more jobs in restructuring

May 8, 2004

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— Sprint Corp. announced it would lay off an additional 550 workers by the end of the year as a result of its ongoing restructuring of its wireless and traditional phone divisions, bringing the total number of job cuts to 2,550.

The Overland Park-based telecommunications firm made its projections Friday in a quarterly filing with the Securities and Exchange Commission. It previously had announced plans to cut 2,000 jobs as part of its restructuring.

"We've been really clear that the transformation is an ongoing initiative," said Scott Stoffel, a spokesman for Sprint.

The job cuts come from different divisions within the organization. Stoffel could not give an exact breakdown of where the job cuts would be made.

As of March 31, the company had laid off 1,750 workers as part of the restructuring. Stoffel said 800 more workers would be laid off "over the course of 2004."

Sprint employs about 70,000 people overall, including about 20,000 people in the Kansas City area.

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