Business

Phone provider to cut 170 jobs

Windstream Communications, Lexington's local telephone provider, said Thursday it plans to cut 170 jobs across the nation by the end of the first quarter.

Company spokesman David Avery said the 170 jobs will be a combination of layoffs and voluntary resignations. No layoffs are expected in Kentucky, where the company employs 700.

The company isn't breaking down how many voluntary resignations it hopes to receive.

Windstream employs 7,400 people overall.

"This is a very competitive industry today, and local phone companies continue to experience revenue pressure from declining access lines," Avery said, explaining the need for the cuts. "In addition, this is a very challenging economy, and that's expected to continue into next year. So it's essential we aggressively control expenses."

During the third quarter, the company's revenue declined 3 percent year-over-year and operating income fell 6 percent from the same period a year earlier.

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