Employment growth t-mobile v att - 05 18 2011

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Employment growth t-mobile v att - 05 18 2011

  1. 1. T‐Mobile Has Created Jobs While AT&T Has Eliminated Jobs Employee Growth Rate Adjusted for Acquisitions 20% 15% 10%Percent Change In Annual Employee Count 5% 0% 2002 2003 2004 2005 2006 2007 2008 2009 2010 ‐5% ‐10% T‐Mobile Has Increased Employment  in 8 of the Last 9 Years  vs. ‐15% AT&T Has Reduced Employment  in 8 of the Last 9 Years ‐20% T‐Mobile AT&T Note:  Annual net increase (decrease) in employees is adjusted to account for employee additions due to mergers/acquisitions. For example, at the end of  2008 AT&T reported it had 302,660 employees and added another 3,100 employees when it acquired Centennial Communications Corp. in 2009.  However, by the end of 2009 AT&T reported it had only 282,720 employees, an effective reduction of 23,040 (302,660 + 3,100 ‐ 287,720). 
  2. 2. T‐Mobile Has Created Jobs While AT&T Has Eliminated Jobs Employee Growth Rate Adjusted for Acquisitions 20% AT&T Acquires  15% AT&T Acquires  Centennial  Dobson Wireless Communications 10%Percent Change In Annual Employee Count 5% 0% 2002 2003 2004 2005 2006 2007 2008 2009 2010 ‐5% ‐10% T‐Mobile Has Increased Employment  SBC Acquires  in 8 of the Last 9 Years  AT&T vs. ‐15% AT&T Acquires  Bell South &  AT&T Has Reduced Employment  Consolidates Cingular in 8 of the Last 9 Years ‐20% T‐Mobile AT&T Note:  Annual net increase (decrease) in employees is adjusted to account for employee additions due to mergers/acquisitions. For example, at the end of  2008 AT&T reported it had 302,660 employees and added another 3,100 employees when it acquired Centennial Communications Corp. in 2009.  However, by the end of 2009 AT&T reported it had only 282,720 employees, an effective reduction of 23,040 (302,660 + 3,100 ‐ 287,720). 
  3. 3. T‐Mobile Has Created Jobs While AT&T Has Eliminated Jobs Employee Count Adjusted for Acquisitions 25,000 20,000 T‐Mobile Has Increased Employment  in 8 of the Last 9 Years Net Increase or Decrease In Annual Employee Count 15,000 vs. AT&T Has Reduced Employment  10,000 in 8 of the Last 9 Years 5,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 ‐5,000 ‐10,000 ‐15,000 ‐20,000 ‐25,000 T‐Mobile AT&T Note:  Annual net increase (decrease) in employees is adjusted to account for employee additions due to mergers/acquisitions. For example, at the end of  2008 AT&T reported it had 302,660 employees and added another 3,100 employees when it acquired Centennial Communications Corp. in 2009.  However, by the end of 2009 AT&T reported it had only 282,720 employees, an effective reduction of 23,040 (302,660 + 3,100 ‐ 287,720). 
  4. 4. T‐Mobile Has Created Jobs While AT&T Has Eliminated Jobs Employee Count Adjusted for Acquisitions 25,000 20,000 T‐Mobile Has Increased Employment  AT&T Acquires  in 8 of the Last 9 Years  Centennial  AT&T Acquires  CommunicationsNet Increase or Decrease In Annual Employee Count 15,000 vs. Dobson Wireless AT&T Has Reduced Employment  10,000 in 8 of the Last 9 Years 5,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 ‐5,000 ‐10,000 ‐15,000 SBC Acquires  AT&T Acquires  AT&T Bell South &  ‐20,000 Consolidates Cingular ‐25,000 T‐Mobile AT&T Note:  Annual net increase (decrease) in employees is adjusted to account for employee additions due to mergers/acquisitions. For example, at the end of  2008 AT&T reported it had 302,660 employees and added another 3,100 employees when it acquired Centennial Communications Corp. in 2009.  However, by the end of 2009 AT&T reported it had only 282,720 employees, an effective reduction of 23,040 (302,660 + 3,100 ‐ 287,720). 
  5. 5. Adjustments to AT&T and T-Mobile Reported Employee Numbers Acquisition EmployeesCompany Acquisitions Year Acquired SourcesAT&T AT&T (by SBC) 2005 47,600 AT&T Corp 2004 10-K Report Bellsouth 2006 63,000 BellSouth Corp. 2005 10-K Report Cingular 2006 64,000 Cingular 2005 10-K Report Dobson Wireless 2007 2,500 Dobson Communications Corp. 2006 10-K Report Centennial 2009 3,100 Centennial Communications Corp. 2008 10-K ReportT-Mobile SunCom Wireless Holdings Inc. 2008 1,924 SunCom Wireless Holdings Inc. 2006 10-K ReportNotes:To account for the employment impact of a merger/acquisition we added the premerger employee counts of AT&T and acquired firmand compared it to the post-merger employee count of the combined firm. The same procedure was done for T-Mobile.

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