ATT is airing an ad that states their proposed merger with T-Mobile will create 96,000 new jobs.
For the record, ATT has approximately 126,000 employees and T-Mobile has approximately 38,000. Post merger, if it goes through, they would have approximately 164,000 jobs together.
Do I need to go into more detail? Does anyone believe that post merger, they will hire 96,000 new employees? Next year? Or the next 10 years? Ever? Maybe they mean that the merger will create a booming industry and the industry will hire 96,000 new jobs. If yes, it will be jobs for lawyers not telecommunications people.
If I were the FCC, I would ask ATT to submit their new 96,000 jobs calculations in writing for all to see. Post it on the Internet so we can all have a good laugh. Maybe, if we allow ATT to purchase T-Mobile. Sprint and Verizon too, then they could create several million new jobs and solve the whole employment problem with one giant merger.
When was the last time a merger or an acquisition, created new jobs? Hmm? T-Mobile employees according to what I read are worried about "layoffs," as they should be, not new job creation.
I am disappointed that these ads, aired by such a high profile company as ATT, stretch the imagination of the rational.
Sure.
No comments:
Post a Comment