Windstream (WIN) Announces Restructuring: Eliminating 375-400 Management Positions
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Windstream Corp. (Nasdaq: WIN) is restructuring its management ranks to increase the efficiency of decision-making and position the company for continued success. The company expects to eliminate approximately 375-400 management positions, or roughly 3 percent of its total workforce of 14,500, as part of the restructuring, which is expected to be complete in the third quarter.
The changes are expected to result in annualized savings of approximately $30-40 million. Severance benefits and outplacement assistance also will be provided to employees who do not have positions in the new structure.
The changes are expected to result in annualized savings of approximately $30-40 million. Severance benefits and outplacement assistance also will be provided to employees who do not have positions in the new structure.
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