Both Verizon and Frontier managers had “closed door” meetings this week. Both Verizon and Frontier had rumors leak out this week about VSP or ISP packages being offered to employees soon. Both Verizon and Frontier settled Union contracts quickly this past year. Frontier after selling multiple yards in CTF is beginning to transition employees to different reporting areas. Verizon currently selling multiple properties on the east coast.
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packages offered to COEI(equipment installers), construction and Admin clerks.
Correct. Management spoke with hourly to inform them of VSP coming up in March for California. Details coming.
Many people in my (FTR) work group would happily accept a VSP.
A VSP offered to what workgroup where? To how many? And how many accepted?
Confirmed. I was approached for a VSP in December. Supposed to happen in March
Confirmed. Lots of upper mgmt meetings taking place. Bain is running the show behind the scenes so if they say cut jobs/offer ISPs then thats what FTR will have to do. Something will happen either way within the next week as the earnings call approaches