Tags: Charter Communications | Time Warner Cable | job cuts | telecommunications

Charter Cuts 258 Jobs in North Carolina as Part of Time Warner Merger

Charter Cuts 258 Jobs in North Carolina as Part of Time Warner Merger

By    |   Friday, 14 October 2016 12:18 PM

Charter Communications Inc., the cable-TV company that this year bought Time Warner Cable for $55.1 billion, is letting go of 258 employees in Charlotte, North Carolina.

The job cuts will begin next month and be completed by June, the North Carolina Business News Wire reported, citing a notice filed with the state’s commerce department. Charter is the third-largest video service provider after AT&T Inc. and Comcast Corp. and employs 1,367 people in Charlotte.

“The position with the largest number of layoffs are senior accountants, with 70 scheduled to be laid off,” according to the newswire. “Other layoffs include 11 financial auditors, 18 accounting managers, and five vice presidents of finance. None of the workers are represented by a union.”

Charter spokesman Patrick Paterno told the Charlotte Observer that the affected employees were offered the opportunity to relocate to other company locations. It plans to add 20,000 U.S. jobs by bringing Time Warner call centers back from overseas.

“Charlotte remains a key corporate location for Charter and will maintain a large local staff to manage and operate our cable system in the Carolinas,” Paterno said.

At the time of the merger request, Time Warner had about 9,000 workers in its home state of New York, including 2,000 people at five call centers in New York, 2,700 at retail offices and 1,700 maintenance employees, according to the Times Union.

Former Time Warner CEO Rob Marcus, who led the company for two years, left this year with a $92 million severance package, according to Fortune magazine.

“Over the last several years, I repeatedly called upon you to stay focused in spite of all the merger-related distractions, uncertainty and emotional upheaval,” Marcus wrote in a final letter to his employees. “I recognized then and now that it was an unreasonable, almost impossible request.”
 

 

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Charter Communications Inc., the cable-TV company that this year bought Time Warner Cable for $55.1 billion, is letting go of 258 employees in Charlotte, North Carolina.
Charter Communications, Time Warner Cable, job cuts, telecommunications
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2016-18-14
Friday, 14 October 2016 12:18 PM
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