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BUSINESS
August 21, 1992 | From Times Staff and Wire Reports
Ameritech, AT&T to Cut Jobs: Ameritech Corp., parent of telephone companies in five Midwest states, said it will cut 12% of its managers, about 2,500 people, in a streamlining move. The cuts will take place by April, a spokesman said. Some early retirement packages will be available, but other employees will be notified of layoffs by Oct. 15. Separately, American Telephone & Telegraph Co. said it will eliminate 728 jobs as it closes leased-equipment facilities in four states.
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BUSINESS
March 3, 1993 | CARLA LAZZARESCHI, TIMES STAFF WRITER
Ameritech Corp., one of the country's seven Baby Bell phone companies, unveiled a bold proposal Tuesday that would throw the nation's highly regulated telecommunications and cable television industries into a competitive free-for-all. The Chicago-based company, in a filing with the Federal Communications Commission, asked federal regulators to open its local telephone monopoly in five Midwestern states to full competition.
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BUSINESS
February 23, 1993 | From Reuters
Seeking new avenues of expansion, Ameritech Corp. said Monday that it will ask the government to open up its local telephone monopoly to competition in exchange for access to long-distance and other communications businesses. Ameritech, once the Midwest arm of the Bell telephone company, said it will file the request with the Federal Communications Commission in March. "We think this is a plan that the policy makers of this country are looking for.
BUSINESS
February 23, 1993 | From Reuters
Seeking new avenues of expansion, Ameritech Corp. said Monday that it will ask the government to open up its local telephone monopoly to competition in exchange for access to long-distance and other communications businesses. Ameritech, once the Midwest arm of the Bell telephone company, said it will file the request with the Federal Communications Commission in March. "We think this is a plan that the policy makers of this country are looking for.
BUSINESS
April 21, 1988 | From the Associated Press
BellSouth Corp., the largest regional telephone company spun off in the breakup of the Bell System, said Wednesday that its first-quarter profit dropped 4.8%, while Southwestern Bell Corp. reported an 8% drop. Bell Atlantic Corp., meanwhile, said its after-tax profit rose 7%. Ameritech said it had a 2.1% gain. BellSouth, which has its headquarters in Atlanta, reported net income of $430.9 million in the first three months of the year, compared to earnings of $452.4 million the previous year.
NEWS
August 30, 1989
Bell Atlantic workers in five Eastern states and Washington, D.C., returned to work after a 22-day strike and two subsidiaries of the "Baby Bell" serving the Midwest agreed on a tentative contract. Ameritech's Indiana Bell and Illinois Bell reached tentative agreement with the Communication Workers of America. They are the fourth and fifth of six units of Ameritech hit by a strike Aug. 12 to settle.
NEWS
August 22, 1989 | BOB BAKER, Times Labor Writer
Pacific Bell's work force trickled back Monday in the wake of the settlement of a 15-day strike by the company's 41,800 California workers. The slow trek to normalcy--with from 10% of workers returning at some offices to more than half at others--was not surprising.
BUSINESS
September 26, 1991 | From Times Staff and Wire Reports
Ameritech Aims to Trim Management Ranks: Ameritech Corp. plans to trim its management ranks by nearly 13% by offering enticements to retire early, the regional telephone company announced. The Chicago-based holding company for Bell telephone utilities in the Midwest said it expects 3,000 of its 23,900 managers to take advantage of the offer. The managers will be offered pension benefits computed with three years added to their age and length of service.
BUSINESS
August 21, 1992 | From Times Staff and Wire Reports
Ameritech, AT&T to Cut Jobs: Ameritech Corp., parent of telephone companies in five Midwest states, said it will cut 12% of its managers, about 2,500 people, in a streamlining move. The cuts will take place by April, a spokesman said. Some early retirement packages will be available, but other employees will be notified of layoffs by Oct. 15. Separately, American Telephone & Telegraph Co. said it will eliminate 728 jobs as it closes leased-equipment facilities in four states.
BUSINESS
January 22, 1992
Ameritech said its fourth-quarter profit fell 30% while earnings for all of 1991 fell 1.5%. Net income for the three months ended Dec. 31 totaled $199.2 million, or 75 cents a share, down from $286.8 million, or $1.09 a share, in the same period of 1990. The 1991 quarter included a restructuring charge of about 53 cents a share for job reductions and writedowns of assets. Fourth-quarter revenue rose to $2.74 billion from $2.69 billion a year earlier.
BUSINESS
December 31, 1991 | From Times Staff and Wire Reports
Ameritech to Open Its Phone Network: In a move expected to bring increased competition in the telecommunications business, Chicago-based Ameritech Corp. said it will open its five-state Bell phone network to other firms. It expects providers of voice mail, home shopping, electronic banking and other computerized information services to buy telecommunications features from Ameritech. In turn, the vendors will be able to deliver enhanced services to businesses and consumers.
BUSINESS
September 27, 1991 | DENISE GELLENE, TIMES STAFF WRITER
Ameritech on Thursday became the first--but probably not the last--of the Baby Bells to offer a credit card similar to a highly successful one marketed by its former parent, American Telephone & Telegraph. The Ameritech card is a Mastercard and, as with AT&T's Universal card, it doubles as a telephone calling card. It is available to Ameritech's 10 million residential customers in Indiana, Illinois, Michigan, Ohio and Wisconsin.
BUSINESS
September 26, 1991 | From Times Staff and Wire Reports
Ameritech Aims to Trim Management Ranks: Ameritech Corp. plans to trim its management ranks by nearly 13% by offering enticements to retire early, the regional telephone company announced. The Chicago-based holding company for Bell telephone utilities in the Midwest said it expects 3,000 of its 23,900 managers to take advantage of the offer. The managers will be offered pension benefits computed with three years added to their age and length of service.
NEWS
August 30, 1989
Bell Atlantic workers in five Eastern states and Washington, D.C., returned to work after a 22-day strike and two subsidiaries of the "Baby Bell" serving the Midwest agreed on a tentative contract. Ameritech's Indiana Bell and Illinois Bell reached tentative agreement with the Communication Workers of America. They are the fourth and fifth of six units of Ameritech hit by a strike Aug. 12 to settle.
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