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 … [Read more...]