Sprint Nextel cuts another 2,500
Sprint Nextel is to axe up to 2,500 staff on yet another cost-cutting drive.
The carrier said the new drive was aimed at shaking €233 million in annual costs out of its budget.
The company, which has 42,000 staff, said it expected a charge of between €40 million and €53 million for the labor force cuts, most of which would come from non-staff contractors.
The latest announcement means a total work force reduction of 16,500 for Sprint this year, NY Times reported, including the transfer of 6,000 employees to new network manager Ericsson.