Updated at 11:35 a.m., Thursday, January 24, 2008
Hawaiian Telcom lays off 50-60 managers to cut costs
Advertiser Staff
Hawaiian Telcom today laid off 50 to 60 managers as part of a cost-cutting and restructuring effort.Since October Hawaiian Telcom has eliminated about 100 management positions, including losses through attrition, said spokesman Ron Mizutani. The job cuts have been across various segments of the business.
Separately Hawaiian Telcom is offering an early-retirement incentive package to 55 employees working under certain specified job titles, based on business needs. Within those job categories, only employees age 55 or older with 25 or more years of service, or age 60 or older with five or more years of service, are eligible.
The company has asked eligible employees on Jan. 11 to make their decision by tomorrow. Those who accept will retire on Feb. 1
