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
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GTE NORTH INCORPORATED
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(Exact name of registrant as specified in its charter)
Wisconsin 0-1210 35-
1869961
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(State or other (Commission (IRS
Employer
jurisdiction of File Number)
Identification No.)
incorporation)
19845 N. U.S. 31, P.O.Box 407, Westfield, Indiana 46074
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 317-896-
6464
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(Former name or former address, if changed since last
report)
GTE NORTH INCORPORATED
FORM 8-K
ITEM OF INFORMATION
Item 5. Other Events
GTE North Incorporated today
announced that its results for the fourth quarter of 1993
will include a one-time pre-tax restructuring charge of
$374.6 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 $230.7 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
$148.8 million to upgrade or replace existing customer
service and administrative systems and enhance network
software, $169.4 million for employee separation benefits
associated with workforce reductions and $45.6 million
primarily for the consolidation of facilities and
operations and other related costs. The charge for
employee separation benefits includes $84.9 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 NORTH INCORPORATED
(Registrant)
By WILLIAM M. EDWARDS, III
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WILLIAM M. EDWARDS, III
Controller
(Chief Accounting Officer)
Date: January 13, 1994