Home Back Issues December 2008 Telecom suffers and shrinks

Telecom suffers and shrinks

| Print |  Email
Archives - December 2008
Monday, December 01, 2008

PORTLAND The loss of 100 Oregon jobs from Denver-based Qwest, part of 1,200 jobs the telecom company said it would cut nationwide by year’s end, is another blow to an already shrinking job sector in Oregon.

The state reports that 300 telecom jobs have been lost this year, or 3.4% of that sector’s workforce. That figure includes 10 jobs cut by Metro One Telecommunications earlier this year.

The loss of telecom jobs doesn’t surprise Oregon state employment economist Art Ayre. In 2001 telecom jobs in the state peaked at 11,000, but since then have steadily declined to 8,500 in September of this year as new technologies enter the industry and providers become more labor efficient.

Ayre projects telecom jobs will grow at one-third the pace of overall job growth in the state through 2016 in part because wireless technology is less labor intensive than  maintaining landlines. Telecom employment nationwide is expected to grow at half the pace of all other industries. “When we look at the trends, we are expecting it to be a very weak sector in the state,” Ayre says.

Conventional land-line accounts are a significant part of Qwest’s revenue, but the number of those phone lines the company manages has dropped by almost 10% since this time last year as customers increasingly prefer wireless technology, says company spokeswoman Diane Reberger.

Qwest reported $3.4 billion in third-quarter revenue, a 1.6% decline from the same period last year. Profits nose-dived from the same period last year from $2.1 billion to $151 million, according to the company’s most recent Securities and Exchange Commission filing. Revenue from voice services, the business segment landlines fall under, is down nearly 9%.

In response to changing customer demand, the company is ramping up its high-speed Internet services to compete with cable providers, says Reberger. She declined to say how and when the lost jobs might return to the state.

The Oregon job cuts will be spread throughout all operations of the business and be completed by the end of the year, with about 50 coming from Portland.                 

JASON SHUFFLER


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

More Articles

Detox fashion

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

Remember mood rings? A team of scientists at Oregon State University has designed what might be considered a 21st-century analog of the ’70s jewelry fad: a bracelet that reveals one’s exposure to pollutants.


Read more...

The barber is back

June 2014
Thursday, May 29, 2014
BY MIKE GREEN

An old profession is new again.


Read more...

Beyond cheese

June 2014
Thursday, May 29, 2014
BY SOPHIA BENNETT

Tillamook expands its tourism niche.


Read more...

Trends in business succession

News
Thursday, July 03, 2014
TrendsBY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS

The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...

OB Video: Building trade ties with the EU

News
Monday, June 16, 2014
BritEmbCampionBY KIM MOORE | OB RESEARCH EDITOR

The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS