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In conjunction with Verizon's announcement, the company is also taking a $4.6-billion writedown on its media unit Oath, CNN reported. The company essentially admits that its media unit — which ...
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 .
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 ...
It was established on September 30, 1996, through the divestiture of the former AT&T Technologies business unit of AT&T Corporation, which included Western Electric and Bell Labs. [2] Lucent was merged with Alcatel SA of France on December 1, 2006, forming Alcatel-Lucent. [3] Alcatel-Lucent was absorbed by Nokia in January 2016.
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 Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
Layoffs and buyouts have hit a wide swath of the news industry over the past year. The Washington Post, NPR, CNN and Vox Media are among the many companies hit. An estimated 2,681 news industry ...