Verizon Offers Buyouts to 1,700 Union Land-Line Employees

Verizon Building, New York City
(Photo credit: marketingfacts)

By Scott Moritz – Verizon Communications Inc. (VZ), the second-largest U.S. phone company, offered exit packages to 1,700 technicians and call-center workers, a move that may lead to hundreds of job cuts if enough employees don’t volunteer.

“Layoffs are a tool of absolute last resort,” Rich Young, a spokesman for New York-based Verizon. “The reality is, the business has changed and we are adjusting our head count to meet those changes.” more> http://tinyurl.com/cgc9lsc

Related articles

• Verizon to buy Hughes Telematics for $612M (seattletimes.nwsource.com)
• NY accuses Verizon of poor repair serv. (wivb.com)
• Verizon Cutting Technician, Call-Center Workforce By 1,700, Chris Morran, Consumerist
• Verizon offering buyouts to 1,700 wireline workers, AP/USATODAY.com
• Verizon Aims to Cut 1,700 Wireline Jobs Via Buyouts, Dow Jones Newswires/Fox Business
• Verizon looks to cut 1,700 jobs, offers buyouts, Reuters
• Verizon offering buyouts to 1,700 workers, continuing to shrink wireline business, Associated Press/Washington Post

About these ads