AT&T, Comcast to offer employees USD 1,000 bonus after US passes tax reform

Nieuws Algemeen Verenigde Staten 21 DEC 2017
AT&T, Comcast to offer employees USD 1,000 bonus after US passes tax reform

US operators Comcast and AT&T have announced plans to pay their staff bonuses of USD 1,000 each. This follows the passage of a tax reform bill in the US that is expected to sharply reduce corporate tax rates. 

Comcast said it would award special USD 1,000 bonuses to more than 100,000 eligible frontline and non-executive employees. In addition, the company said it expects to spend "well in excess" of USD 50 billion over the next five years investing in infrastructure, for both its cable and broadband operations. 

AT&T reiterated is intention to invest an additional USD 1 billion in the US thanks to the tax reform. In addition, it will pay a special USD 1,000 bonus to more than 200,000 US employees. If the US President signs the tax reform bill in to law before Christmas, employees will receive the bonus over the holidays.

Categories:

Algemeen

Companies:

Comcast

Countries:

Verenigde Staten

Tags:

Finance, Legislation - Lawsuits

Related Articles

VERENIGDE STATEN 17 MAY 2018

AT&T workers move step closer to strike

The executive board of the Communication Workers of America has voted to authorize a potential strike by 14,000 workers covered by AT&T's Midwest and Legacy T contracts. The union's decision gives CWA President Chris Shelton the go-ahead to set a strike date if an agreement can't be reached with AT&T on a new contract. Workers voted on 10 April to authorize a strike.

VERENIGDE STATEN 14 MAY 2018

Strike looms closer for AT&T Midwest, Legacy workers

The executive board of the Communications Workers of America (CWA) union has approved a strike by 14,000 workers covered by AT&T's Midwest and Legacy T contracts. The decision comes after AT&T Midwest and Legacy T workers voted in April to authorise a strike, and with no progress at the bargaining table following the expiration of worker contracts. CWA said the strike has been given the go ahead if negotiators cannot reach an agreement with the AT&T.

VERENIGDE STATEN 1 FEB 2018

AT&T underlying results fall, but net profit forecast to continue higher

AT&T reported a fall in fourth-quarter revenues and operating profit but continued to grow its bottom line, with further growth forecast in 2018. The company's revenues dropped to USD 41.7 billion from 41.8 billion in the year-ago quarter, as expansion abroad and higher equipment sales could not offset the loss of phone and TV customers. 

VERENIGDE STATEN 10 JAN 2018

Comcast increases broadband speeds in California, Colorado, Oregon/SW Washington

Comcast said it's increasing the speeds of its Xfinity Internet service packages for existing customers in California, Colorado, Oregon/SW Washington and the Houston area at no additional cost. Speed increases will vary based on the Xfinity Internet customers' current speed subscriptions, and the majority will see an increase of 50 Mbps. New and existing customers can expect to experience enhanced speeds this month. The speed of Performance Started was increased from 10/2 Mbps to 15/2 Mbps, Performance Plus

WERELD 10 JAN 2018

Lenovo to book USD 400 mln charge on US corporate tax reform

Lenovo said it expects to take a charge of USD 400 million its fiscal third quarter to reflect the decreased value of deferred tax assets in the US following the corporate tax reform there. The one-off, non-cash charge will be included in results for the nine months to December 2017. 

VERENIGDE STATEN 8 JAN 2018

Comcast quietly lets go of over 500 sales personnel

Comcast quietly let go of over 500 sales employees in the weeks to Christmas, the Philadelphia Inquirer reported, citing an employee and Comcast documents reviewed by itself, the Daily News, and Philly.com. The Florida employee asked not to be identified because he signed a nondisclosure agreement as part of a severance package. Managers, supervisors, and direct sales people in Chicago, Florida, and other parts of Comcast's Central region, mostly in the Midwest and Southeastern United States, were terminate

VERENIGDE STATEN 29 DEC 2017

AT&T lays off over 2,000 employees - report

After announcing it would pay staff bonuses of USD 1,000 following the passage of the tax reform bill in the US, AT&T also handed out pink slips to hundreds of workers in Illinois and five other Midwest states, the Chicago Tribune reported. About 600 workers across a variety of positions, from retail sales clerks to satellite technicians, were notified about the layoffs in the runup to Christmas, said sources close to the situation. 

VERENIGDE STATEN 22 DEC 2017

AT&T earns Texas Department of Information Resources contract for managed security services

The Texas Department of Information Resources (DIR) awarded AT&T with a contract to offer managed security services statewide. AT&T provides security monitoring and device management, risk and compliance testing, and incident response. The company said it worked with the State of Texas for 10 years to help state agencies and institutions address cybersecurity and data privacy issues. Through this new agreement, security products are now available to additional state agencies, higher education institutions,

VERENIGDE STATEN 8 NOV 2017

AT&T says Time Warner deal closing 'uncertain' amid DoJ talks

AT&T has pledged to invest an extra USD 1 billion in the US next year if Congress approves the corporate tax reforms proposed by the Trump administration. These would notably reduce the corporate tax rate to 20 percent from 35 percent and allow accelerated depreciation of investments over the next five years. 

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.