Consolidated 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, Inc
Facebook Comments Related posts:Arts and culture in brief: the week ahead in Costa Rica Arts and culture in brief: the week ahead in Costa Rica Arts and culture at a glance: the week ahead in Costa Rica Arts, culture and Mother’s Day: the week ahead in Costa Rica Is dad a car fanatic? Take him to Plaza Real Cariari mall for afree display of more than 20 cars from modern to antique, plus tastings, gifts, indoor soccer and other activities (Friday, June 17 — Sunday, June 19). If he’s more of a sports fan, chill out with some ice hockey: on Saturday, the Castillo Knights Senior team faces off against the Pizotes of La Sabana at 7:30 pm at the Castillo Ice Rink in San Rafael de Heredia. For information, write firstname.lastname@example.org (Saturday, June 18).Take him out to a nice meal at Barceló San José Palacio, which will offer various dad-centered packages throughout the weekend, from a buffet meal to a sushi menu to a grill for two, plus an evening on the dance floor (Friday, June 17 — Sunday, June 19).The Guanacaste Concert Bands will celebrate Dad all weekend with a special series of concerts in Liberia, capital of the northwestern province, including everything from a sax quartet to traditional dancing to orchestras (Friday, June 17 — Sunday, June 19). Or head to the beach: the first edition of the Tamarindo Art Wave continues to fill the Pacific coast town with 50 painters, sculptors and other artists who – put up in hotels, restaurants and private homes all over town – will each create a new work of art during the festival (Thursday, June 16 – Saturday, June 18).