04 jun: Europa/aktier: Blandet bedring med finans i front
06 jun: Ratingbureau: Grækere kan ryge ud af euroen
04-06-2012 18:25:00

Verizon Aims to Cut 1,700 Wireline Jobs Via Buyouts

Relateret indhold

Verizon Communications Inc. (VZ) is planning to eliminate 1,700 jobs in its wireline unit in 12 states and Washington, D.C., by offering voluntary buyout packages.

The cuts come as the New York-based communications heavyweight is trying to reach a new contract with the union that oversees many of its employees. The company is in ongoing negotiations with about 45,000 wireline union workers who went on a two-week strike last year to protest the deep concessions Verizon is seeking in a new multiyear contract.

In a reflection of the tension between management and labor, the sides differed Monday on how to interpret Verizon's move.

Local unions criticized Verizon's action to cut 382 wireline technician positions in New Jersey and 306 in New England, calling it "a blow to both working families and to reliable high-speed Internet service for thousands of consumers." The unions said the reduction would both threaten network maintenance and the building of the FIOS high-speed network.

Verizon said the union's assertions were "nonsense" and the reductions wouldn't effect its network or growth plans. The company will encourage workers to take the buyout offer, but Verizon spokesman Richard Young conceded that layoffs were "a tool of last resort" if certain targets aren't met.

"These are not layoffs," Young said. "It is inaccurate to say that."

The company declined to break down the regional reduction targets beyond the 1,700 total.

Young said the work force is being adjusted to meet the needs of the business. He couldn't provide a timeline for the process, but said that it would be "several months" before reaching potential layoffs.

Shares of Verizon recently traded up 15 cents to $41.18.

Write to Thomas Gryta at thomas.gryta@dowjones.com

(END) Dow Jones Newswires

June 04, 2012 12:25 ET (16:25 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Vind/Make: Europæisk marked ramt af usikkerhed om støtteordninger

27-09-2016 14:39:49
Udsigten til en omfattende reformering af støtteordningerne til vindenergi giver stor usikkerhed på de europæiske vindmøllemarkeder, hvor projektudviklere flere..

Aktier/middag: Faldende Novo medvirker til sur stemning herhjemme

27-09-2016 11:42:00
Det danske aktiemarked er domineret af røde farver tirsdag ved middagstid, hvor et fald til indekstunge Novo Nordisk er med til at hive de danske eliteaktier ne..

Vestas: MHI Vestas valgt som foretrukken leverandør til 252 MW

27-09-2016 08:22:29
MHI Vestas Offshore Wind er blev udvalgt som foretrukken leverandør til et 252 MW stort projekt i den tyske del af Nordsøen.Det fremgår af en pressemeddelelse f..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Nets: Udbud aflyses ikke og trækkes ikke tilbage - NY
2
Verdenshandlen ventes at dykke til finanskrise-niveau
3
Vestas: MHI Vestas valgt som foretrukken leverandør til 252 MW
4
Aktier/tendens: Udsigt til lille fest efter duelsejr til Clinton
5
Mandagens aktier: Novo og Chr. Hansen trak op i surt marked

Relaterede aktiekurser

Verizon Communications I.. 52,11 -0,1% Fald i aktiekurs
Verizon Comm 34,91 1,6% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
27. september 2016 15:48:50
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160921.1 - EUROWEB5 - 2016-09-27 15:48:50 - 2016-09-27 15:48:50 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x