Wednesday, September 30, 2009

Windstream to cut 350 jobs, or 5 percent of work force, in move to balance out sales decline

LITTLE ROCK, Ark. — Windstream Corp. says it is cutting 350 jobs, or nearly 5 percent of its work force, in part to balance out declining revenue in its residential voice unit.

The Little Rock, Arkansas, company offers phone, high-speed Internet and high-definition digital TV services and has 7,100 employees. Its profit and revenue have fallen overall in the first and second quarters...