Qwest trims 10 percent of Colorado IT workers
About 100 nonunion information-technology employees in Denver
received notice Thursday.
By Andy Vuong, Staff Writer
Friday, February 16, 2007
Qwest laid off 10 percent of its information-technology
workforce in Colorado on Thursday, according to its union, as
the Denver-based company continues to shed jobs amid
accelerating losses in phone customers.
The layoffs affected about 100 nonunion employees in Denver,
said Reed Roberts, assistant to the vice president of
Communications Workers of America District 7.
Qwest spokesman Bob Toevs declined to comment Thursday about the
Qwest cut about 1,300 jobs in 2006, including 600 in Colorado.
Over the past two years, the company shed 3,000 positions,
including about 1,300 in the state.
"We continue to adjust our workforce in response to changes in
the telecommunications industry and productivity improvements,"
the company said in its 2006 annual report.
The Denver-based phone company posted profits last year largely
because of cost cuts and growth in high-speed Internet
subscribers. It continues to lose phone customers to cable and
Internet-based phone companies at an accelerating clip.
At the end of 2006, Qwest employed nearly 38,400 people, about
9,400 in Colorado.
Also Thursday, Qwest chief executive Dick Notebaert said
consolidation in the industry will continue and that the company
could either make an acquisition or be acquired.
Analysts say Qwest is unlikely to be acquired because it is
saddled with about $14.9 billion in debt. Qwest also doesn't
have a long-term video strategy to combat competition from cable
companies such as Comcast.
Notebaert told CNBC that Qwest will not split into three
separate companies -- rural, urban/suburban and long-haul. CIBC
World Markets analyst Tim Horan said in a research note this
week that the company could create shareholder value if it were
Staff writer Andy Vuong can be reached at 303-954-1209 or