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AT&T to cut workforce in Slovakia as COVID-19 weighs on demand.

The American multinational has a total of around 2,800 workers in Slovakia.
The Dallas-based company wants to raise £10.32 billion to buy 5G spectrum.
In an announcement on Monday, AT&T Inc. (NYSE: T) expressed plans of slashing its workforce in Slovakia in a bid to cushion the economic blow from the Coronavirus pandemic that it said was keeping demand under pressure. The COVID-19 crisis has so far infected more than 95 million people worldwide and caused over 2 million deaths.
The news comes months after the American multinational conglomerate said that its revenue tanked 5% in the fiscal third quarter. AT&T had also warned of a Coronavirus-driven hit to its fourth-quarter revenue in October. ....

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AT&T to cut Slovakia workforce, unions expect 300 jobs to go

AT&T to cut Slovakia workforce, unions expect 300 jobs to go
Reuters
1/18/2021
© Reuters/BRENDAN MCDERMID
The company logo for Oracle Corp. is displayed on a screen on the floor at the NYSE in New York
PRAGUE (Reuters) - AT&T plans to cut its workforce in Slovakia as the COVID-19 pandemic hits customer demand, the company said on Monday, with unions saying that 10% of jobs may be affected.
AT&T Global Network Services Slovakia has operated in the central European country for more than a decade, providing customer support, network engineering and other services.
The U.S. company employs around 2,800 people in the country of 5.5 million, where unemployment has risen to 7.4%, from 5.2%, since the global coronavirus pandemic hit in March. ....

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