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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_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Indian national cricket team captain Virat Kohli will soon join the league of cricketing legends like Virender Sehwag, Bishan Singh Bedi and MAK Pataudi to have a stand in Delhi’s Feroz Shah Kotla stadium named after him. The Delhi & District Cricket Association on Sunday announced that it will name one of the stands in Kotla as ‘Virat Kohli Stand’ in honour of his achievements.”DDCA president Rajat Sharma and Apex Council decide to name one Stand of Ferozshah Kotla stadium as ‘Virat Kohli Stand’ in honour of his achievements. Virat Kohli joins Virender Sehwag, Bishan Singh Bedi, Anjum Chopra, Mohinder Amarnath and MAK Pataudi in elite list at the Kotla,” the Delhi cricket board said.The Indian skipper will be the youngest players, who is currently active, to have a stand being named after him. Before Kohli, Sachin Tendulkar and MS Dhoni had a stand named afetr them at Mumbai’s Wankhede stadium and JSCA Stadium in Ranchi, respectively. “Virat Kohli’s outstanding contribution to world cricket has done DDCA proud. We are happy to honour him for achieving certain milestones and unbeatable captaincy record,” DDCA President Rajat Sharma said in a statement.The announcement from the DDCA came on the occasion of the 11th anniversary of Kohli’s international debut. Kohli had made his ODI debut against Sri Lanka on August 18, 2008.”To cherish these memories, DDCA wanted to dedicate a stand in his name. I am sure the ‘Virat Kohli Stand’ will be a source of inspiration for Delhi’s young cricketers,” the DDCA said in an official statement.Former cricketers Bishan Singh Bedi and Mohinder Amarnath already have a stand after their name in the Feroz Shah Kotla stadium, however, the honour was given to them afetr their retirement. last_img read more