Advocacy group warns of job losses with AT&T deal


Source: Hill, The
Author: Brendan Sasso
Coverage Type: reporting
Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States

Public Knowledge, an advocacy group, sent a letter to the Federal Communications Commission citing potential job losses as a reason to deny the proposed AT&T/T-Mobile merger.

The letter points to a recent report in The Wall Street Journal that found jobs in the wireless industry have decreased by 20 percent since 2006. "Since 2006, the industry has contracted significantly as AT&T merged with Cingular and Verizon merged with AllTel, along with numerous smaller mergers," PK wrote. "There is every reason to suppose that this merger would follow a similar pattern and allow the merged company to increase its 'efficiency' by cutting jobs."

According to AT&T, the transaction will create as many as 96,000 jobs.

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