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May 23, 2019Cart

Business

by Fairfield County Business Journal
by FCBJ

Frontier Communications shed 734 jobs since January; at least another 280 cuts on the way

Frontier Communications shed 734 jobs in the first quarter, also posting a total loss of $87 million in revenue, according to its latest quarterly results.

The Norwalk company’s consolidated revenue for the first quarter was $2.1 billion, compared with $2.12 billion in the fourth quarter and nearly $2.2 billion in the year-ago quarter – a decline the firm said was due primarily to lower revenues from all segments.

On the heels of releasing its financial results, Frontier announced it was eliminating 280 nonunion positions at its Henrietta, New York call center, effective July 31.

“We continue to focus on our long-term goals of improving revenue and unit trends, realizing our transformation program targets, driving free cash flow, and reducing leverage,” said Frontier President and CEO Dan McCarthy. “Nonetheless we have substantial work ahead. Our transformation program remains on track to achieve the $50 to $100 million in EBITDA benefit we anticipate over the course of 2019.”