Citizens to cut 120 jobs

Citizens Communications, based in Stamford, Conn., is the latest independent telco to show that it's not immune to the cost cuts and job reductions that larger telcos often face. The company said it is cutting 120 jobs, and that another 80 people will be leaving the company, about 50 of them via acceptance of early retirement offers.

The carrier, which acquired Commonwealth Telephone earlier this year, pinned the job cuts to its effort to consolidate call centers.

For more:
- Here's an Associated Press report at CNN Money

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