Aliant laying off people

[queensway]

It came out yesterday that Aliant will be laying off hundreds of people. Is business really that bad?

On the bright side the stock dropped a lot over the last few days. Nice thing about the Bell Aliant Income Trust is that it pays a cash dividend every month of $0.24.

At present stock price this is about a 13% annual return on dividends alone!

[philcloh2o]

http://thechronicleherald.ca/Search/1091457.html

I was talking to a friend who works there. It was mostly getting rid of people who where either soon to be retired, or who had been hired during that strike not too long ago and they didn't need them anymore.

[DrewNL]

I'm not sure why this is here. Nothing at Bell Aliant Regional Communications has anything to do with wireless phones anymore. Wireless is not part of the Bell Aliant business plan.

The reduction in work force for Bell Aliant is for non-unionized workers of their company. Not one of them has anything do do with wireless. Wireless formerly provided by Aliant Inc. is now provided by Bell Mobility (a different company). Hence no posts in this forum. Aliant Mobility no longer exists.

[wolfmedic]

So why are all the former Aliant wireless stores now renamed Bell Aliant? At least they are in Newfoundland.

[ttt32]

http://productsandservice.aliant.net...nSelection.jsp

[muskoka]

Very sad .