SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest event reported) January
13, 1994
. . . . .
. . . . . .
GTE CALIFORNIA INCORPORATED
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .
(Exact name of registrant as specified in its charter)
California 1-6417 95-
0510200
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .
(State or other (Commission (IRS
Employer
jurisdiction of File Number)
Identification No.)
incorporation)
One GTE Place, Thousand Oaks, California
91362-3811
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area code 805-
372-6000
. .
. . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .
(Former name or former address, if changed since last
report)
GTE CALIFORNIA INCORPORATED
FORM 8-K
ITEM OF INFORMATION
Item 5. Other Events
GTE California Incorporated today announced that
its results for the fourth quarter of 1993 will
include a one-time pre-tax restructuring charge of
$445.2 million related primarily to the
implementation of its re-engineering plan over the
next three years. The restructuring charge will
reduce fourth quarter and full year net income by
$274.2 million.
The re-engineering plan will redesign and
streamline processes in order to improve customer-
responsiveness and product quality, reduce the time
necessary to introduce new products and services
and further reduce costs. The re-engineering plan
includes $171.6 million to upgrade or replace
existing customer service and administrative
systems and enhance network software, $193.4
million for employee separation benefits associated
with workforce reductions and $52.5 million
primarily for the consolidation of facilities and
operations and other related costs. The charge for
employee separation benefits includes $97.9 million
related to the recognition of previously deferred
postretirement health and life insurance costs for
separating employees.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
GTE CALIFORNIA
INCORPORATED
(Registrant)
Date: January 13, 1994 By WILLIAM M.
EDWARDS, III
WILLIAM M.
EDWARDS, III
Controller
(Chief
Accounting Officer)
