It's coming soon and it will be huge!
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If an offer were to come, it would be after all States are back to work. At this point, the Knights of the Round Table and their consultant MBAs would conclude that all pensioned employees will retire in ten years or less if management just lets the clock run out. If they want to meet their Wall Street commitment of 2021 an offer would be made mid October, 2020 and off the books by early November, 2020 so savings would be made for not paying Holidays for ~ Election Day, Veterans Day, Thanks Giving Day, most likely day after Thanks Giving, and Christmas Day.
Senior management made one mistake with the last offer that would hurt them for the 2020 offer and that was when they reduced the 2019 Enhanced Offer to $10,000.00 because their reasoning was the Stock Market was doing so well. With that being said, they could not offer $50,000.00. Senior management will need to offer $100,000.00 to $200,000.00. I'm sure the MBAs will conclude what a fair amount will be since the market is down now.
This is just the Union buy out and RIFs or promotions for all others.
Verizon retail is no different from J Crew or Gap ,little skill set needed. As point of sale systems have evolved for dummies and the activation process is about as easy as hanging up a shirt or folding jeans. Think about it... overpaid retail order takers and VZW accounting is NOT stupid only a matter of months NOT years.
I have to agree with keeping the essential service pay coming. There’s no traffic going to or from work and we are getting $300 extra for showing up.
Can’t beat it.
I don’t want an eisp right now, the 50 dollar an hour for straight time is sure sweet. Bring on corona another couple years.
Correction. I wrote before looking in the contract.
I can’t find anything saying they can lay-off 6 months after an EISP. Sorry, I don’t want to mislead. The lay-off in 2015 did happen tho.
Verizon did an EISP last year with off payroll date of late December. It’s been almost 6 months and we have no work. You know what that means????
I hope it doesn’t happen but it is contractual.
The lay-off they did in June 2015 in western PA was exactly 6 months after an EISP. And we were busy with unlimited OT. The company immediately followed with an LTSD for the remaining workforce.