Verizon staff accept redundancy


Verizon staff accept redundancy

Verizon Communications has announced that approximately 21,600 employees have accepted voluntary redundancy. The employees will leave the payroll by the end of the week.

Verizon spokesman Peter Thonis said a total of 152,000 employees were offered the redundancy, with the aim of saving the company money and help it avoid future layoffs.

The employees who accepted the deal include 5,600 union-represented workers. The rest of the workers were managers in Verizon's nationwide Domestic Telecom business.

Although the company offered the buyout to 9,300 IT managers, Thonis said he did not know how many of them had accepted the deal.

Verizon vice-chairman and president Lawrence Babbio said Verizon will fill a small percentage of the vacancies, but noted that most of the work done by the affected employees can be handled by process improvements.

Linda Rosencrance writes for Computerworld

Related Topics: IT strategy, VIEW ALL TOPICS

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy