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


Verizon Building, New York City

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

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