As per the sources the latest news on ir is that the Wireless provider company Sprint Nextel Corp. is aiming to cut its labor costs by $350 million, on a yearly basis, as part of a widespread restructuring plan. Sprint Nextel Corp. declared its plans to cut between 2,000 and 2,500 jobs as part of a restructuring plan aimed at reducing labor costs by at least $350 million, on an annual basis.
It is the third-largest wireless provider in the country , and is planning to eliminate most of the positions by the end of this year. The job cuts will affect all levels of the company across all geographic locations.
The job cuts are the latest action that the company has taken to trim costs. Sprint slashed 8,000 poistion in the first quarter of 2009 in an effort to save $1.2 billion annually.
Sprint, based in Overland Park, Kan., has recently seen a higher level of customer satisfaction and “is taking this action in a careful manner to ensure that there is no impact on the improved customer experience,” the company said in its statement.