04 jun: Appeal Trial Of Former SocGen Kerviel Trader Starts In Paris
04 jun: US Stocks Slump Again After Weak Factory Report
04-06-2012 18:25:00

Verizon Aims to Cut 1,700 Wireline Jobs Via Buyouts

Relateret indhold
Relateret debat
17 sep - 
Audemars Piguet Replica will be more than a century uni..
17 sep - 
By Ben Eisen, MarketWatch NEW YORK (MarketWatch) -- Tre..

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

Nordnet: Private kaster deres kærlighed på Novo og Mærsk

01-10-2014 12:53:00
A.P. Møller - Mærsk og Novo Nordisk var Nordnet-kundernes foretrukne aktiekøb i september, hvor Vestas til gengæld var at finde på salgslisten. Det fremgår af e..

Novo: Amerikansk entreprenør skal bygge ny Bagsværd-fabrik

01-10-2014 09:17:16
Det bliver det amerikanske entreprenørselskab Jacobs Engineering Group, der skal opføre den finrensningsfabrik, som Novo Nordisk er på vej til at etablere i Bag..

Aktier/tendens: Aktiepilen ser ud til at skulle træde vande

01-10-2014 08:23:38
Der er udsigt til en sivende åbning på aktiemarkederne onsdag morgen, hvor der ventes en uændret eller måske lidt rød start.- Det ser ud til, at vi skal forvent..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas/Barclays: Ordreskuffelse drevet af USA og EM
2
Novo: Amerikansk entreprenør skal bygge ny Bagsværd-fabrik
3
Nordnet: Private kaster deres kærlighed på Novo og Mærsk
4
Aktier/tendens: Aktiepilen ser ud til at skulle træde vande
5
Vestas skal levere 49 megawatt til Uruguay

Relaterede aktiekurser

Verizon Communications I.. 49,43 -1,1% Fald i aktiekurs
Verizon Communications C.. 49,89 -0,8% Fald i aktiekurs
Verizon Comm 34,91 1,5% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
1. oktober 2014 20:19:13
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20141001.1 - EUROWEB6 - 2014-10-01 20:19:13 - 2014-10-01 20:19:13 - 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