Verizon Offers Buyouts to 1,700 Union Land-Line Employees
This article is for subscribers only.
Verizon Communications Inc., 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.
The buyouts are being offered to workers in 12 states and Washington, D.C., where Verizon operates its land-line network. The company, with a total of about 192,000 employees, has been negotiating with its unions to lower costs for the past year. Verizon has warned that the latest move will result in 600 layoffs, according to the International Brotherhood of Electrical Workers, which represents the employees.