As Sprint and T-Mobile put the finishing touches on a merger that’s likely to be announced at the end of October, one analyst says the merger could cost the nation more jobs than exist at Overland Park-based Sprint.
Together, the companies reported employing 78,000 in their most recent disclosures. Sprint accounts for 28,000 of those, T-Mobile 50,000.
Merging the companies, said a report by Jonathan Chaplin of New Street Research, could eliminate “approximately 30,000 American jobs” — which is more than Sprint employs.
Chaplin was not available to discuss the report. His report did not itemize the 30,000 total.
Sprint CEO Marcelo Claure previously said the company would add 5,000 U.S. jobs, including call center jobs. At the same time, Sprint already has been cutting its payroll in an extensive cost-cutting effort that has spanned Claure’s tenure.
Read more: Kansas City Star, Bloomberg