SureWest Offering Early Retirement to Employees

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(Sacramento, CA)
Thursday, November 18, 2004
The telecommunications company, which provides a variety of phone, cable and Internet access services, says the offer is a move to trim expenses. It expects an acceptance rate of somewhere between fifty and sixty five percent. The company figures to realize savings from the move next year by not filling some of the vacated positions, or by paying replacements less. The offer will be made to about one hundred twelve of its one thousand eighteen regular employees. Financial terms of the offer weren't disclosed. Its takers have a six week window to accept it, from December sixth through January twenty first. The retirements would take effect on February eighteenth.For the Business Journal, this is Mark Larson