Level 3 cuts 450 jobs

December 9, 2008 · 0 comments

in Level 3 News (Nasdaq: LVLT)

Level 3 Communications has announced that they will be reducing their workforce by 450 people in North America, which is about 8 percent of their workforce.

The reduction will take place before the end of December 2008 and will result in a restructuring charge of approximately $12 million to $15 million in the fourth quarter 2008. The reductions are being made across multiple levels in the organization and multiple locations in North America only.

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