Fairpoint Announces New Round of Layoffs Monday May 18 2015 08:20 EDT Fairpoint Communications has announced the company is laying off around 260 workers across the seventeen states in which the company operates. "Access lines and legacy revenues are in secular decline, and we are taking these steps to ensure our administrative and operational structures remain aligned with the current size and composition of our business," Fairpoiint CEO Paul H. Sunu said in a statement. "Faced with the realities of the industry and the competitive landscape in which we operate, we must be keenly focused on managing costs and enhancing productivity," says the CEO, who last week hinted that Fairpoint would be open to a sale.Union workers, as you might expected, weren't particularly happy with the announcement. "FairPoint has failed to meet service quality benchmarks for years, and cutting its skilled workforce by more than 10% will only make matters worse," said Peter McLaughlin, Business Manager of IBEW Local 2327 in Maine. "We are disgusted by this company’s total disregard for its employees and customers." |
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Lays off people whist making a lot of money himselfCEO Paul Sunu received almost a half a million dollar bonus in 2014, that includes his 2.5 million dollar compensation package for the year. » www1.salary.com/Paul-H-S ··· INC.html | |
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The other press releaseFairPoint Announces Layoff of More Than 10% of Northern New England WorkforceUnions Say Cuts Will Further Erode Service QualityIBEW/CWA Press Release, FierceTelecom - May 15, 2015 » www.fiercetelecom.com/st ··· 15-05-15quote: FairPoint Communications announced today that it will lay off 219 employees in its northern New England operations, which represents more than 10% of its workforce in the region. Members of both the International Brotherhood of Electrical Workers (IBEW) and the Communications Workers of America (CWA) in Maine, New Hampshire, and Vermont will be affected.
Union leaders expressed disappointment at the news and said that the cuts will further erode already severely compromised service quality for the region's telecommunications customers. "FairPoint has failed to meet service quality benchmarks for years, and cutting its skilled workforce by more than 10% will only make matters worse," said Peter McLaughlin, Business Manager of IBEW Local 2327 in Maine. "We are disgusted by this company's total disregard for its employees and customers." ...
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IowaCowboyLost in the Supermarket Premium Member join:2010-10-16 Springfield, MA |
Because many people switched to Time WarnerWhen FairPoint came to Maine, grandma fled and went to Time Warner Digital Phone. Now that her health has declined she is in our cell only household.
She is not the only one that fled to TWC Digital Phone. | |
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You beet me to it DavidPaul H. Sunu
Executive Compensation
As Director and Chief Executive Officer at FAIRPOINT COMMUNICATIONS INC, Paul H. Sunu made $2,559,319 in total compensation. Of this total $815,000 was received as a salary, $407,500 was received as a bonus, $583,075 was received in stock options, $738,080 was awarded as stock and $15,664 came from other types of compensation. This information is according to proxy statements filed for the 2014 fiscal year. | |
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Re: You beet me to it David.... and now he'll get even more. | |
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crazyeyes
Anon
2015-May-19 8:26 am
CEO Paywell if he laid his own ass off then he could save those 260 jobs..............let's see if he takes a pay cut due to his failing company | |
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