Verizon Offering Buyouts to 1,700 Employees

Associated Press

Article Reprint

Phone company Verizon Communications Inc. is offering buyouts to 1,700 workers, mainly call-center employees and technicians, as it continues to shrink its wireline business.

The offer applies to less than 1 percent of Verizon’s overall workforce of 191,800 as of the end of March, and about 2 percent of it’s wireline workforce.

Verizon is cutting it’s wireline costs as households cancel their phone lines, opting to go to competitors or to rely on cellphones.

Verizon has been offering a series of buyouts. In 2010, it says 12,000 employees accepted such offers.

This Article Appeared in The Black Truth News Volume 3 Issue 6 June 2012

 

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