Update:


Little Rock based Windstream Corp. announced Thursday that it will eliminate 375-400 management positions from its ranks.


The restructuring on the management level will impact about 3 percent of the company’s workforce of 14,500 employees in 48 states.


Windstream spokesman David Avery said Thursday that Arkansas is home to about 1,300 Windstream employees - 975 in Pulaski County, some of which are commuters out of Faulkner County.


Avery said the telecommunications and network company also has a large service center operation in Harrison.


Windstream formed in 2006 from “a spin-off of Alltel,” said Avery.


Since Windstream absorbed Alltel, which occurred simultaneously with a VALOR Communications merger, the company has completed nine acquisitions.


“Our company has grown in size and complexity and so have the services we offer business and customers today,” Avery said. “It’s time to take a fresh look at our overall structure and to reposition the company for continued success.”


Avery said it was too early to know which and how many positions could come from Arkansas.


He did say that it is unlikely that “front line employees” will be effected.


“This review is focused on management structure and how the organization is structured...layers of management is the focus of the review,” said Avery.


Three Little Rock executives received notice that they would not remain with Windstream through the restructuring.


Avery said those executives are Grant Raney, executive vice president of network operations; his wife Wendy Raney, vice president of customer service operations; and Rob Clancy, senior vice president and treasurer.
Restructuring is to be completed in September.


“As we go along through this process of designing layers of management, we’ll make announcements and keep employees informed,” he said.


According to Windstream’s release distributed Thursday, severance benefits and outplacement assistance will be available for employees who do not have positions in the new structure.


Jeff Gardner, president and CEO of Windstream issued the following statement: “Windstream has grown rapidly through acquisition, and it is crucial that our management structure be as simple and as responsive to customers as possible as we continue to build this company for long-term success.”


The company expects cuts to result in annualized savings of about $30-$40 million.


Windstream’s largest acquisition, that of PAETEC Holding Corp., occurred in December of last year.


The transaction was valued at $2.3 billion.  


(Staff writer Courtney Spradlin can be reached by email at courtney.spradlin@thecabin.net or by phone at 505-1236. To comment on this and other stories in the Log Cabin, log on to www.thecabin.net. Send us your news at www.thecabin.net/submit)

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Little Rock based Windstream Corp. announced Thursday that it will eliminate 375-400 management positions from its ranks.

This will be about 3 percent of its total workforce of 14,500.

In a news release, Windstream said the layoffs are part of a restructuring, "which is expected to be compete in the third quarter."

“Windstream has grown rapidly through acquisition, and it is crucial that our management structure be as simple and as responsive to customers as possible as we continue to build this company for long-term success,” said Jeff Gardner, president and CEO of Windstream.

The company expects cuts to result in annualized savings of about $30-$40 million. 

Severance benefits and outplacement assistance will be available for employees who do not have positions in the new structure, according to Windstream.

More details coming.