Verizon offering buyouts to 1,700 wireline workers
ASSOCIATED PRESS June 4, 2012 12:52PM
Updated: July 7, 2012 8:28AM
NEW YORK — Phone company Verizon Communications Inc. is offering buyouts to 1,700 workers, mainly call-center employees and technicians, as it continues to shrink its wireline business.
The offer applies to less than 1 percent of Verizon’s overall workforce of 191,800 as of the end of March, and about 2 percent of its wireline workforce.
Verizon is cutting its wireline costs as households cancel their phone lines, opting to go to competitors or to rely on cellphones.
Verizon has been offering a series of buyouts. In 2010, it says 12,000 employees accepted such offers. AP