May
27

A tipster writes in to note that “I heard through the grapevine that Surewest in CA is laying off 7 % of their staff.” An announcement to the company’s website would certainly appear to confirm that news, the company announcing that they’re launching a “restructuring initiative” aimed at reducing the company’s workforce by approximately 60 positions. According to the company, that includes seven open/unfilled positions, 45 workers in its Sacramento market and eight workers in the Kansas City region. “As a result of today’s announcement, the company anticipates compensation-related cash savings of approximately $1.0 million in 2010, reaching an estimated annual cash savings rate of at least $5.0 million by 2011,” says the company.
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Original story here.