Sprint Nextel (S)

Sprint Nextel Corp. Monday announced the company will take actions in the fourth quarter of 2009 to reduce internal and external labor costs by at least $350 million on an annualized basis. The actions include the elimination of 2,000 to 2,500 positions within the company. The impact on geographic locations will vary, and many impacted positions will be eliminated by December 31, 2009.
Announcement boosted stock price

Nov 9 · 7:33:00 PM · Source: Company News
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by Larry Etter