Sprint cuts jobs, closes stores as part of broader plan

NEW YORK Fri Mar 21, 2014 4:17pm EDT

People walk past a Sprint store in New York December 17, 2012. REUTERS/Andrew Kelly

People walk past a Sprint store in New York December 17, 2012.

Credit: Reuters/Andrew Kelly

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NEW YORK (Reuters) - Sprint Corp (S.N) cut 330 jobs and closed 55 stores around the country this week, as part of an ongoing plan to shrink its workforce in 2014, Cnet.com reported.

The third largest U.S. mobile operator would not specify the number of jobs lost, but said it will retain 85 percent of employees affected by the closings.

The operator also closed call centers in New York, Kansas, California and is shrinking centers in Florida and Texas.

"These reductions come as the result of greater efficiencies that we've achieved through simply pricing plans and improved customer service, as well as changing marketplace dynamics," said Roni Singleton, a spokeswoman for Sprint.

Sprint, which is 80 percent owned by Japan's SoftBank Corp (9984.T), currently employs 40,000 workers and is revamping its networks after years of customer losses.

In January, the company said it would report a fourth-quarter charge of $165 million for severance and related items as a result of job cuts it is making across the company to reduce costs.

(Reporting By Marina Lopes; Editing by Bernard Orr)

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Comments (1)
Robert76 wrote:
Maybe what Sprint should do is actually improve their service and dependability. I left them after 4 years because their system kept dropping my calls. Went to one of their competitors, and couldn’t be happier with the dependability and service. Still get mailers from Sprint wanting my business, but will never make that mistake again!

Mar 21, 2014 12:28am EDT  --  Report as abuse
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