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Verizon Offers Buyout to Its 74,000 Management Employees
Verizon Communications has offered a voluntary severance package to all of its 74,000 non-union management employees. A separate buyout offer will be made to at least 12,000 retirement-eligible union technicians and call center operators, possibly next month. The company mentioned the cost-cutting measure last week, when it warned investors that it would not meet profit forecasts for the remainder of 2003.
October 02, 2003 at 12:00 AM
1 minute read
By Bruce Meyerson |
Updated on October 02, 2003
The original version of this story was published on Law.Com
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