Windstream Corp. of Little Rock said Thursday that it is “restructuring its management ranks to increase the efficiency of decision-making” and will cut about 375 to 400 management positions.
The cuts are roughly 3 percent of its total workforce of 14,500, the company said in a news release. The restructuring is expected to be complete in the third quarter. The cuts are expected to result in annualized savings of about $30 million to $40 million.
“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,” Jeff Gardner, president and CEO, said in a news release. Click here to read the full story from our partners at ArkansasBusiness.com.