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Verizon's "well-planned and anticipated" move to lower its headcount will offer employees up to 60 weeks of salary, bonuses and benefits, depending on the length of their careers at Verizon, the ...
It was founded by Verizon retiree members of the Association of BellTel Retirees. ProtectSeniors.Org is dedicated to the interests of corporate retirees in the United States. The group represents 14.3 million retirees from 392 companies, 45 labor union locals, 98 municipal, state and federal retiree groups and 16 associations. [citation needed]
The 2016 Verizon workers' strike was a labor action in the United States involving about 40,000 Verizon Communications landline and Verizon Fios workers. The strike, which began April 13, was organized by trade unions International Brotherhood of Electrical Workers and the Communications Workers of America, and represents the biggest labor action in the United States since the Verizon strike ...
But Verizon, the telecommunications giant, seems to have found a way to hold onto its employees. The average tenure of around 110,000 workers is 12.9 years, well over three times the U.S. average .
This theme also extends to compensation reduction or growth freezes, with the suspicion again being that the recession is an excuse for, e.g., wage raise freezes, wage cuts, or increasing the employees' contribution percentage for (or lowering the benefits of) company health insurance, company retirement plans, and so on.
The breakup of the Bell System resulted in the creation of seven independent companies that were formed from the original twenty-two AT&T-controlled members of the System. [5] On January 1, 1984, these companies were NYNEX, Pacific Telesis, Ameritech, Bell Atlantic, Southwestern Bell Corporation, BellSouth, and US West. NYNEX, merged with Bell ...
Of those job losses, 700,000 stem from layoffs at just 25 companies, according to 24/7 Wall Street's analysis of data from employment consulting firm Challenger, Gray & Christmas. Certain ...
The company was referred to as "New York Telephone, a NYNEX Company" before being called simply "NYNEX" starting on January 1, 1994. On August 15, 1997, NYNEX was acquired by Bell Atlantic, who kept the Bell Atlantic name. On June 30, 2000, Bell Atlantic acquired GTE to form the current Verizon Communications, with the corporate headquarters ...