Qwest-MCI Merger Could Cost 15,000 Jobs

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Qwest-MCI Merger Could Cost 15,000 Jobs

NEW YORK (Feb. 28) - Qwest Communications International Inc. would cut up to 15,000 jobs if it succeeds in acquiring MCI Inc., more than double the work force reductions planned by Verizon Communications Inc. in its deal to buy the long-distance phone company.

The proposed cuts were detailed in a presentation which Qwest officials planned to deliver at a meeting with investors Tuesday morning to argue the case for its renewed $8 billion bid to buy MCI.

Denver-based Qwest, the local phone company for most of the Rocky Mountains and Pacific Northwest, has embarked on an aggressive campaign over the past week to break up the $6.7 billion Verizon deal, which MCI agreed to despite a lower price.

The Qwest presentation, posted late Monday on Qwest's Web site, detailed potential cost savings of more than $10 billion over the first four years after the proposed merger with MCI.


02-28-05 23:26 EST

http://aolsvc.news.aol.com/business/article.adp?id=20050228231309990004
 
SEE!!! Thats why i want a law against mergers. It hurts people in all corners. If theyre gonna make laws against ticket scalping make laws against mergering.
 
ignore ravensteve1961's comment above.

The merge is not official. Verizon wants to merge with MCI also. I think MCI will pick Verizon bec of their better financial standing than Qwest.
 
Well net people have the right to keep their jobs like i have a right to go to an NFL game!! and these pigs keep on busting scalpers who wanna help fans attend NFL games in person.
 
ravensteve1961 said:
SEE!!! Thats why i want a law against mergers. It hurts people in all corners. If theyre gonna make laws against ticket scalping make laws against mergering.
Click to expand...

Geez, I almost never like any of
these merges most of them seem
quite un-necessary especially
Hewlett-Packard and Compaq...
Their business after merge did not
even improve at all. What a waste.
Probably one of the biggest
business mistakes.
 
Ravensteve, you're not a businessman. When you become one, then come back here and tell me if you really think mergers are bad for everyone.

The Qwest/MCI merger is a really good idea, IF Qwest can pull it off. MCI has some great assets with NO MONEY to keep them going. Sooner or later MCI will be bought out -- the question is, who will best use that buyout to their advantage?

Y, the HP/Compaq merger was an interesting merger, and while it had some really bad points, it had quite a few good points too. Compaq wasn't doing a good job in the computer market -- HP can do it better. What boggles my mind was that HP kept the Compaq brand alive, instead of quietly killing it off.

Anyway, MERGERS CAN BE GOOD when they are done for the right reasons. The mergers you DON'T hear about are the good ones, which are the majority of mergers. When you hear about a merger in the news, it's usually because it was a bad merger, like AOL/Time Warner or those millions of bank mergers.
 
Well the damn pigs diont have to bust you for buying an NFL game ticket from a scalper. There is a good point buying a ticket for $500 to the superbowl YOU GET TO WATCH THE SUPERBOWL IN PERSON.
 
ravensteve1961 said:
Well the damn pigs diont have to bust you for buying an NFL game ticket from a scalper. There is a good point buying a ticket for $500 to the superbowl YOU GET TO WATCH THE SUPERBOWL IN PERSON.
Click to expand...
Please cool it with extremes. Try and be more technical, pointing out specific effects of this merge. For example, I think this merge is good idea because it maintains the economy rather than abandoning MCI entirely, leaving MCI customers in the dark.

Being extreme in various discussion will throw any discussions off balance and discourages us from participating freely.
 
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