Tag Archive for AT&T

AT&T Takes Money, Fires People

August 10, 2018 Comments Off on AT&T Takes Money, Fires People
[From Support the Fight for Good Jobs at AT&T]

AT&T CEO Randall Stephenson made a promise to invest in his workforce and create at least 7,000 jobs if the tax bill passed.

Well, the bill did pass, and AT&T received a $20 billion windfall. But instead of creating jobs, AT&T has laid off over a thousand workers across the country in the past few months. And the company keeps sending work to low-wage and overseas contractors, devastating families and communities across America.

AT&T workers are fighting back. CWA members at AT&T Midwest and AT&T’s national Legacy T division are fighting for fair union contracts and have voted to strike if necessary to secure a deal that guarantees good jobs, affordable healthcare, and a secure retirement.

Send AT&T CEO Randall Stephenson this message : “I support good jobs and a fair union contract for working people at AT&T.” Sign the petition HERE.

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A Taxing Situation, with a Bonus

January 16, 2018 Comments Off on A Taxing Situation, with a Bonus

AT&T will give one-time $1000 bonuses--and no wage increases–but to a maximum of 200,000 employees (how many will really get it, and will they be mainly everyday workers?).  Meanwhile, they’re laying off 600 workers (to start with?).

Comcast says it, too, will give %1000 bonuses, to “eligible frontline and non-executive employees.”  Sounds like the worker bees will be getting the money, but do they fall into the undefined “eligible”?

By the way, both AT&T and Comcast have already announced broadband and cable TV price hikes for us starting soon.

Others who have announced coming $1000 bonuses (without much detail) include Bank of America, Nationwide Insurance, JetBlue Airways and US Bancorp. Everyone is jumping on the bandwagon in light of their corporate tax cut from 35% to 21% under the new tax plan. These, too, are one-time bonuses, not the pay raises that proponents of the plan promised would result.

Then there’s Walmart.  They’re raising pay to $11 per hour and giving bonuses to some of its workers–and laying off thousands of workers as it closes 63 Sam’s Clubs.  And they’ve just announced layoffs at their Walmarts.

Note that these bonuses cost the corporations far less than pay raises would over time. This year, they’re a boon to the worker, although he’ll be taxed on the bonus, and a tax write-off for the companies. The following years the companies continue to enjoy their decreased tax burden, but what about the worker, who doesn’t see another bonus or pay raise?

Is this really a beneficial result of the new tax plan or actually a PR sleight-of-hand?

 

 

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