SureWest Communications has announced a company restructuring initiative to reduce its workforce by approximately 60 positions, or seven percent of its overall workforce, including seven open/unfilled positions, 45 workers in its Sacramento market and eight workers in the Kansas City region. Affected positions are comprised of a range of levels across the company, including management and supervisor roles. The strategic restructuring is designed to enhance the company’s focus on its core broadband segment and reduce costs.
"We believe that focusing on our core residential and commercial broadband service offerings is the right strategy for SureWest to better serve our customers, reduce costs and enhance shareholder value," said Steve Oldham, SureWest’s president and chief executive officer, in a statement.
"Like many others in our industry, SureWest has been impacted by the trend of declining telecom revenues from traditional telephone line losses and diminishing regulatory subsidies that companies like ours have depended on for years," he added.