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AT&T Workers Protest Job Cuts & Corporate Stock Buybacks
CWA Local 1101 Chief Stewards Tiffany Rosario and Cheryce Chambers both work at AT&T Mobility. They talked about the devastating impact of job cuts at AT&T. They highlighted the fact that AT&T sold its operations in Puerto Rico and the U.S. Virgin Islands to the anti-union company Liberty Latin America in 2019.
Meanwhile, AT&T recently announced that it plans to spend $30 billion buying back its own stock! AT&T has broken promise after promise to use the tax breaks they got to create jobs, raise wages and increase investment in the network.
AT&T Cuts More Than 37,000 Family Supporting Jobs Despite Promises of Job Creation
AT&T’s Q4 earnings report, released today, shows that the company has cut 37,818 jobs since the Tax Cuts and Jobs Act went into effect in 2018. (CWA press release 1.
Elliott has also won a commitment from AT&T to spend $30 billion on stock buybacks, which will drive up its share price to enrich a small group of wealthy investors, leaving fewer resources for building next generation wireless and fiber broadband networks and training workers for the jobs of the future..