Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.U.S. Cellular Corp. will lay off 55 workers in Indiana – including nine in Fort Wayne – as the company tries to concentrate on more profitable markets, a company email said Tuesday.
The Chicago-based carrier filed a Worker Adjustment and Retraining Notification Act notice about 765 affected jobs in Chicago, St. Louis, central Illinois and three other Midwest markets, including Indiana.
Spokeswoman Laura Lualhati on Tuesday said it is possible some workers will be offered positions at other stores, but nothing is certain. U.S. Cellular has employees at Glenbrook Square and at Northcrest Shopping Center. Both locations will close.
In November, Sprint Nextel Corp. said it agreed to buy U.S. Cellular’s service areas in the Midwest for $480 million to boost its network capacity in that region. Sprint, the third-largest U.S. cellphone carrier, is acquiring 585,000 customers in Illinois, Indiana, Michigan, Missouri and Ohio.
The sale resulted in the layoffs.
