Thread regarding Verizon Communications Inc. layoffs

Strike will not end until July

The two sides are way too far apart, and the union leadership is trying to make up for what they lost in the 2011 negotiations so they won't give up. The company isn't going to budge on their final proposal, and they know they don't have to since they have all the leverage with the deeper pockets and wireline doesn't really impact the bottom line of the company.

I hate to say it, but the big losers are going to be the 40k people who are going to go for months without a paycheck or health coverage (COBRA is prohibitively expensive, so unemployed people can't really afford to get it).

The union should have accepted that last proposal; in the end that's what they'll end up getting anyway, so dragging the union employees through months of unemployment is an unfortunate waste.

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| 1453 views | | 10 replies (last May 1, 2016) | Reply
Post ID: @OP+HbC1FXn

10 replies (most recent on top)

@trv ... what folks are missing on this equation it is Verizon Communications that is doing the buying and planning...not Verizon Wireline.

The Union lumps in the total profits of the company but the issue is the profits of the wireline side. We are roughly %7 of the profit and the rest are from other entities of VZ. What VZ Corp. makes as a whole is not a consideration in the bargaining for the wireline side. We make what we make and we have to be self supportive in that level of revenue.

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Post ID: @fdn+HbC1FXn

Verizon is going to lose out on Yahoo

No way can they make an 8 billion dollar purchase and then ask for concessions. Bad PR

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Post ID: @trv+HbC1FXn

@ehc ... for sure Verizon Communications is not the loser. Verizon will take a hit in the dividend and not even flinch. Wall Street won't care a bit because they are anti-Union as it is and undoubtedly have a better idea of what Mr. McAdams intends to do with the company.

Verizon can and will likely break the union to the point the union begins to understand it needs to bargain in a different fashion and with regards to current technologies and business needs. Once the strike is done Verizon could very easily spin off the Wireline side as a REIT and saddle it with some of those billions of debt on the books.

It could spin off just the OSP part of the company as a CLEC, keep the C.O. properties and the Inside Plant techs and be just as happy.

No doubt, Verizon has the upper hand.

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Post ID: @yep+HbC1FXn

It will last until August.

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Post ID: @atk+HbC1FXn

The company wants out of wireline. Every day this strike drags on the asking price for this line of business drops....tell me, who's the biggest looser? In addition, it has pissed off current customers, and employees both side of the house. Everyone has lost period.

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Post ID: @ehc+HbC1FXn

You're absolutely right. Just can't make it to July.

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Post ID: @yxv+HbC1FXn

“Remember that all through history, there have been tyrants and murderers, and for a time, they seem invincible. But in the end, they always fall. Always.”

― Mahatma Gandhi,

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Post ID: @ymb+HbC1FXn

From that proposal, why would any of them be fired?

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Post ID: @hbu+HbC1FXn

Not everyone will be on unemployment though, some of us have other opportunities on the back burner. The only one getting the short end of the stick with this is Verizon since they will be losing a good quality employee like myself because of the inexcusable greed and BS we have to go through

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Post ID: @xkh+HbC1FXn

"The union should have accepted that last proposal"

Not unless they wanted to lose thousands of members who would've either quit on their own or gotten fired. Next.

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Post ID: @qpl+HbC1FXn

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