So much for workers at CenturyLink benefiting from the tax windfall as the company announces plan to cut jobs nation-wide..
CenturyLink has announced plans to cut jobs across the country, despite receiving $1.1 billion as a result of last year's Tax Cut and Jobs Act.
"CenturyLink has made its priorities clear. Instead of looking out for their customers and employees, they are chasing short-term gains in order to boost stock prices and put more money in the pockets of their large shareholders and top executives," said Brenda Roberts, Vice President of Communications Workers of America District 7 which represents more than 11,000 workers at CenturyLink.
"It's disgraceful," said Lisa Bolton, Vice President of CWA's Telecommunications and Technologies Sector. "Cuts like these devastate working families and the communities that CenturyLink serves. CenturyLink is laying off well-trained, dedicated employees and trying to get by with low-wage contractors while CEO Glen Post looks forward to a gold-plated retirement."
I think an explanation is owed to the employees at CenturyLink.