$14.8 billion in savings & 15,000 job cuts

Qwest says it will show nearly 15 billion in savings and cut 15,000 jobs if its deal with MCI goes through. Reuters says that the job cuts would mean slicing nearly 15 percent to 18 percent of the combined company’s work force. Which ever way you look at it, those are big numbers and even half those numbers could spell trouble for poor unsuspecting employees who are suffering from the past management fiascos at both the companies. In a strange twist, Verizon says Qwest bid for MCI will hurt competition. Ouch … that’s pot calling the kettle black.

In a speech in Florida, Verizon Communications Inc. Executive Vice President Tom Tauke said a Qwest-MCI bid was “not in the public interest” and that Qwest’s weak finances might force it to shut down some MCI networks.

Which essentially means that Verizon will shut down no networks if it gets to keep MCI. Tauke, we are going to hold you to your word.


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