Thread regarding Verizon Communications Inc. layoffs

YES!

The punch and Judy sock-puppet ensemble needs work. Contrast the characters some, vary the tone and slow your roll on the walls of text, think SMS or tweet length chunks of tripe.

Would be nice.

@1odi, I agree, those crafts you mention remain in high demand but, if I’m reading the New Contracting Initiatives Letter right, those could be gotten via contracting for less pay, making a VSP-like EISP offer a logical next step.

Then, the market would not only be flooded with managers with telecommunication expertise who cannot be rehired here, but can be contractors for our needs, but also with all manner of people knowledgeable in the crafts as well.

Everyone’s bought out, off the benefit gravy train, but the work still gets accomplished by the same individuals. Win, win, win all around.

At least it’s a possibility?

@1jim, Darned straight! Thrown out of work over 50, you now have your choice of greeter jobs at your neighborhood Wal-Mart, and that's about it. Now you're thinking! IT professionals need to unionize; I'm getting sick of this "Oh, I'm white collar, so I just COULDN'T join those grubby union slobs," ivory tower stuff...we're cutting our own throats with this corporate slavethink! Time to call a spade a space.

BTW, how is that tax cut working out for all of you?

@1jim, you’re right. There’s no other explanation than that their’s a Moses-like exodus coming, and that those who troublshoot fiber will be in high demand, as well as Lineman, testers, and CO personnel.

My work group had 25% of the mgt take the offer and they are hiring 12.5 for a net reduction of 12.5 %. With consolidation of responsibilities and changing salary ranges for the positions. They can hire people for less and likely not have to give any more raises to older workers or higher paid and above market rate employees. It all actually makes good business sense. I don’t think it has anything to do with a planed EISP and having less people to manage. But it might

As a supplement to the pension, I’d like seven weeks pay for each YOS, and guaranteed medical coverage until medicare kicks in for 55+ retirees.

“...Why offer an EISP to associates when there is a plan in place to get many to leave by attrition?... - @els

There are few things businesses like more than certainty. Certainty is gained, in fact, guaranteed to a great extent, by offering enhanced packages @els, such as VSPs and EISPs.

I’m no Business Major @els, but I did stay at a Holiday Inn Express last night.

I assume you were at the Motel 6?

Thanks NJ brother!

I heard the same from IBEW, enormou$ EISP in the works.

CXM...NJ.

Where is this 2nd level?

What state?

@rtk, if the law was broken you have can have your day in court and will win.

Second level told us today that there WILL be an eisp for associates in 2019. Didn’t know a time frame.

"@ els , A contract is legally binding. You must break the law often in your world."

Read about Hans at Ericsson. He violated a lot of laws and got rid of a lot of people. Laws are meaningless if the government doesn't enforce them.

I have hope we’ll see an EISP but, if not, I’ll keep plugging along for as long as I can.

Best of luck to all the Managers who opted for the buyout. Enjoy!

@ els , A contract is legally binding. You must break the law often in your world.

You’re going to be sold off to Ericsson and contracted back to Verizon at a lower pay rate like VZ does in he rest of the world. Why offer an EISP to associates when there is a plan in place to get many to leave by attrition? If you’re naive enough to think your contract is protection, you’re out of your mind.

This has been done many times before. Offering a package ,people leaving then coming back working as contractors. It is smoke and mirrors . They pay contractors to do the work removing many from the company payroll. The money comes out of one hopper and goes into another.

@oya-Old Farts need to eat and live too...with a minimum SSA retirement of 62 with nearly half benefits, and full benefits at 66, that's 4 years of Hell they have to go through if they're not one of the 1%, or the 20% who have enough to retire on in some sort of dignity.

You're probably a rude, crude, and unattractive millenial geek with little empathy...just remember; you, too, will be old some day. See ya then, "cya"!

@oya, are you answering in the wrong thread?

The discussion here has nothing whatsoever to do with a layoff but, rather, a lucrative, completely voluntary, buyout to ease one into either their retirement, or the next move in their career, as a means of replacing those now vacant positions with contractors.

That being said, what are you talking about?

They cant legally lay someone off and rehire someone with the same title. Now if you volunteer to leave, they can re-hire someone with the same title. Layoff means your eliminating the position. Now they can legally bring in contractors to do the job of those who voluntarily left. Over the years many departments were trimmed to the bare bones, but they still had a few old farts lingering they wanted to get rid of, but they still need the headcount...for now.

“Those that can't afford to leave all have under 25 years in the company and are under 55 years old so they won't be taking any EIPP.”

There once was a time in which an EISP included a 6 & 6 provision to address this very issue.

For the rest, those who would gain nothing by a 6 & 6, something different would need to be offered to sweeten the pot, whether that be medically, financially, both, in order to spur a mass exodus and get that clean slate.

Those that can't afford to leave all have under 25 years in the company and are under 55 years old so they won't be taking any EIPP.

The majority hit the numbers and just waiting for an offer but I hope you are right about it being an EIPP!

IMO, @upg, you answered one of your own questions. For “those that can’t afford to leave...”, an enhancement might bridge the economic gap holding people back.

Some guaranty, medically, would also go a long ways towards allaying some fears, and separation anxiety, say, coverage until Medicare eligible?

A regular offer does nothing to spur a great deal of interest, in my opinion. One could just stay instead, continuing to make decent money and OT, while, unfortunately, toiling under a lot of managers who are new and do not yet fully understand the tasks at hand. Why leave a good thing without the proper impetus, one that makes it definately worth your while?

I think what you wrote makes a lot of sense but why would they offer an EISP and not just a regular offer, considering most just want out the door and have the time to leave?

What happens to those that can't afford to leave in a scenario like this?

Probably the best most astute post I have read on this blog all year