Skip to content
Subscriber Only

AT&T Union Says Elliott’s Proposals Could Affect 30,000 Jobs

  • Positions would be at risk of elimination or wage reduction
  • ‘Any or all of these things could happen,’ says CWA president
Inside An AT&T Inc. Store As Shares Jump Most In 8 Years
Photographer: Patrick T. Fallon/Bloomberg
Updated on

If activist shareholder Elliott Management Corp. has its way, more than 30,000 AT&T Inc. workers could lose their jobs or face reductions in wages, according to a new estimate from the Communications Workers of America union.

Most of the impact on workers would come from divestitures of DirecTV and AT&T’s landline business and closures of the company’s retail locations, if the company follows Elliott’s suggestions, said the CWA, which represents more than 100,000 AT&T employees.