Thursday, December 5, 2013
By Tux Turkel firstname.lastname@example.org
FairPoint Communications Inc. will eliminate roughly 90 positions across Maine, New Hampshire and Vermont over the next several months.
In this Oct. 30, 2012, a FairPoint crew replaces a utility pole in Westbrook after Hurricane Sandy rolled through Maine and caused widespread power outages.
John Patriquin / Staff Photographer
The company is unable to say yet how many jobs will be cut in each state, in accordance with its collective bargaining agreement with unionized workers.
These reductions are in addition to cuts last month of 30 management positions across the company.
“We are adjusting our work force to remain competitive in our market and to further position FairPoint for success,” said Greg Castle, executive vice president of human resources.
FairPoint expects the reductions to result in annualized operating expense savings of $11 million, with the full benefit realized in 2014.
The company expects to provide severance or incentive payments to eligible affected employees. The total amount of such payments is expected to be $5 million to $8 million.
FairPoint currently has approximately 3,300 employees across 17 states.