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first_imgConsolidated Communications,FairPoint Communications, Inc (NasdaqCM: FRP) today announced plans to reduce its workforce over the next several months by approximately 400 positions. Vermont will lose 55 jobs, New Hampshrie will lose 190 and Maine 130. Another 25 positions will be let go in other states.”We value the contributions of our employees and workforce reductions are never easy,” said CEO Paul Sunu. “We are making this decision after careful evaluation to ensure that FairPoint is staffed appropriately to serve our customers well, while prudently managing expenses.”Both management and union employees will be affected across the company. The company intends to notify approximately 100 affected management employees later this month and will follow prescribed steps in the collective bargaining agreement covering union employees. FairPoint has declared an employee surplus affecting approximately 300 union positions.FairPoint expects the reduction in force to result in annualized operating expense savings of approximately $34 million, with the full benefit realized in 2012.The company expects to provide severance or incentive payments to eligible affected employees. The total amount of such payments is expected to range from $7 million to $13 million.About FairPoint Communications, Inc.FairPoint Communications, Inc. (NasdaqCM: FRP) (www.FairPoint.com(link is external)) is a leading communications provider of high-speed Internet access, local and long-distance phone, television and other broadband services to customers in communities across 18 states. Through its fast, reliable network, FairPoint delivers data and voice networking communications solutions to residential, business and wholesale customers. VantagePoint(sm), FairPoint?s resilient IP-based network in northern New England, provides business customers a fast, flexible, affordable Ethernet connection. The VantagePoint(sm) network supports applications like video conferencing and e-learning. Additional information about FairPoint products and services is available at www.FairPoint.com(link is external).CHARLOTTE, N.C. (Sept. 8, 2011) – FairPoint Communications, Inclast_img read more

first_imgThe Chess Pro Tour will entering a crucial stage with the commencement of the Masters’ Series that is, (Battle of the Titans) event between FIDE Master Olufemi Balogun and International Master Oladapo Adu.The much-anticipated event comes up at Orchid Hotels and Event Centre Lekki on May 12, 2018.Chess pundits are already looking forward to the clash that is mostly seen as a clash between new order and the old horse and many are of the opinion that Balogun, who made his debut at the World Chess Olympiad in Istanbul 2012 looks set to upstage Adu in the match. FM Olufemi Balogun with a elo rating of 2255 FIDE rating is a Chess Pro Tour Card holder and highest ranked on the Pro Tour ranking is the only African or Nigerian to have play against a current World Chess champion, Magnus Carlson of Norway.Balogun lost the much anticipated encounter in the double colour in a reversed fixture match during the 2017 FIDE World Cup IN AzerbaijanOn the other hand, IM Oladapo Adu, with a 2273 FIDE rating and former national champion and he is a proponent of famous Sicilian opening who became the Nigerian national champion in 1995. In 2015, Adu qualified for the Chess World Cup 2015, being knocked out in the first round by Veselin Topalov.The Pro Chess Tour is an elite program developed to transform chess into a professional sport in Africa especially Nigeria. The tour comprises of the following circuit of events; Q-SCHOOL, OPEN CHESS CLASSICS (OCC), Premiere League, Masters’ Series, Grand SlamShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more