LEVEL 3 CUTS 70 WORKERS
Level 3 Communications confirmed Wednesday that it trimmed its workforce by 70 people as part of a reorganization.
In a statement, the Broomfield telecom said, “We announced a reduction of approximately 70 people as part of a reorganization to streamline our North America operations to better serve our customers.”
Level 3, an anchor employer in the region, has been shrinking its workforce. The company also had layoffs last September, but did not say how many, noting that the cuts were part of integrating TW Telecom, which Level 3 acquired in October 2014. After the acquisition, Level 3 employed 13,600 people, including 4,000 in Colorado.
In October, Level noted that its employee base shrunk to 12,800 globally. And by the end of 2015, it employed 12,500 employees, according to regulatory filings.
Bellco files another expansion plan.
Bellco Credit Union, the second largest credit union in Colorado, wants to expand into El Paso and Weld counties. The $3.3 billion credit union last month applied to the Colorado Financial Services Board to serve both El Paso and Weld counties, a month after the board approved Bellco’s expansion into Boulder County.
The board has scheduled a hearing for 11 a.m. Oct. 14 at its Denver offices on both requests, but may approve them without a hearing if it doesn’t receive a written protest by 5 p.m. Friday. If approved, the requests would amend Bellco’s bylaws to allow anyone who lives or works in either county to join the credit union.
Viacom, CBS could reunite. National
Amusements Inc. is set to call for Viacom Inc. and CBS Corp. to consider a merger, according to people familiar with the matter, a deal that would reunite the Redstone family’s media empire. National Amusements, which is controlled by Sumner Redstone, 93, and has nearly 80 percent voting stakes in both companies, is preparing a letter to send to the boards before the market opens Thursday.
A CBS-Viacom deal would be a reunion. Viacom acquired CBS in 2000 and the companies split in 2006.
Air rage on the rise.
Incidents of unruly passengers on planes are increasing, and more effective deterrents are needed to tackle the problem. There were 10,854 air rage incidents reported by airlines worldwide last year, up from 9,316 incidents in 2014, according to the International Air Transport Association. That equates to one incident for every 1,205 flights.
A majority of incidents involved verbal abuse, failure to follow crew instructions and other anti-social behavior. Eleven percent included physical aggression toward passengers or crew or damage to the plane. Alcohol or drugs were a factor in 23 percent of the cases.