Southwest Bell offers managers retirement plan

Article Abstract:

Southwestern Bell Corp is offering a voluntary retirement program that could reduce its managers by up to 11 percent and significantly enhance expense savings in 1992. The telephone company expects 1,200 to 1,900 of 17,726 managers to accept the pension-enhancement offer and retire early. If 1,200 managers accept, Southwestern Bell will save $60 to $70 million, representing earnings of nine to 11 cents a share. If 1,900 managers accept, Southwestern Bell will save $100 to $110 million, improving earnings by 14 to 17 cents a share. Southwestern Bell is reducing its work force to streamline operations and improve its competitive edge. After the limited offer, the company may turn to 'involuntary separations.' Under the plan, managers who leave early will receive five years of service credit toward their pensions. The company has also added 30 months to the five-year salary average used to calculate pensions.

Management, Telecommunications services industry, Telecommunications industry, Telephone companies, SBC, Retirement, Southwestern Bell Corp., Financial Analysis Software, Telephone Company, Incentives, Work Force Reduction

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AT&T unveils new wireless system linking home phones to its network

Article Abstract:

AT&T is introducing a fixed-wireless local phone and mobile services system, designed to help the company rapidly gain customers in local service markets. AT&T's system, developed by 200 engineers working in secrecy, combines several wireless-transmission technologies: time division, frequency division, and space division multiplexing, to ensure data quality and high capacity. Project Angel, as the system was called in development, was kept secret from Lucent Technologies, which was spun off by AT&T. AT&T has also purchased $2.1 billion worth of wireless licences, extending its reach to 93% of the U.S. population. MCI, which also hopes to compete in the local service market, has licensed technology from NextWave Communications to deliver similar wireless phone service. Some analysts are skeptical, but AT&T plans a test rollout in Chicago in 1998.

Radiotelephone communications, Cellular and Other Wireless Telecommunications, Wired Telecommunications Carriers, Mobile Radio Services, Local Telephone Service, Innovations, Services, Wireless communications, Wireless network, Wireless LANs, AT&T Corp., T, Telecommunications equipment industry, Telecommunications systems, Wireless communications services, Wireless communication systems, Local telephone services, Company services, Company technology development, Telecommunication systems

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