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Alltel unveiled plan to trim its more than 20,000-strong work for...

Alltel unveiled plan to trim its more than 20,000-strong work force by 1,000 positions through early retirements and job reductions. It said it expected fully diluted cash earnings for 2001 to be $2.85-$3 in 2001, close to consensus forecast…

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of $2.98. As part of its reorganization, Alltel also will reduce its operating regions to 3 from 5, with regional hq remaining in Cleveland, Charlotte, Little Rock. Wireless growth is expected to accelerate this year by 2.4 million to 2.5 million customers, company said. “This reorganization reaffirms Alltel’s commitment to grab its share of the customer growth in the wireless business,” Alltel CEO Scott Ford said.