AT&T Plans To Cut Thousands Of Jobs, Close Stores Amid COVID-19

INSUBCONTINENT EXCLUSIVE:
AT-Tsaid that most employees will be offered an alternative position within the companyAT-T Inc plans to cut more than 3,400 technician and
clerical jobs across the country over the next few weeks, the wireless carrier told its main labor union, the Communications Workers of
America, on Tuesday.The US telecom and media giant also plans to permanently close over 250 stores, which would impact about 1,300 retail
jobs, the union said.AT-T said in a statement that the novel coronavirus pandemic and lockdowns to curb the spread of infections have
changed consumer behaviors."With more customers shopping online, we are closing some retail stores to reflect our customers' shopping
practices," AT-T said
alternative position within the company.Executives, managers and union-represented employees will be affected along with non-payroll workers
outside of the United States, AT-T said
The company is offering severance pay and health care for laid-off employees for the rest of the year.The company in April pulled
https://reut.rs/3d8coYf its financial forecast for the year due to the COVID-19 crisis and warned the current quarter would demonstrate the
full impact of the nationwide stay-at-home mandates.