by Luke Jones
Posted 8/2/2012 09:26 am
Updated 1 year ago
Windstream Corp. of Little Rock on Thursday confirmed that it is laying off another round of employees as part of a management restructuring plan announced in May.
Spokesman David Avery said he didn't know how many were being laid off, but they are part of 375 to 400 management jobs being eliminated. That's about 3 percent of Windstream's total workforce of 14,500.
Avery said the layoffs should be complete by the end of September, and by then he would know how many of them were in Arkansas.
In May, the company confirmed that among the layoffs were eight top executives, including Grant Raney, executive vice president of network operations; Rob Clancy, senior vice president and treasurer; and Wendy Raney, vice president of customer service operations.
The management review began in December, around the same time Windstream completed its $2.3 billion acquisition of Paetec Holding Corp. of Fairport, N.Y. Windstream said it was seeking to trim layers of management in order to increase the efficiency of its decision-making.
According to the company, the cuts are expected to result in annualized savings of about $30 million to $40 million.
Windstream's headquarters is in Little Rock, and it has operations in other areas of Pulaski County and in Harrison. The company has about 1,300 workers in Arkansas, with 975 in Pulaski County.