Verizon M.O.: Record Profits, Heartless Layoffs
February 8, 2012 More than 330 New Jersey Verizon technicians got unwanted news Feb. 3 with the announcement by the company that they would soon be out of a job.
East Windsor, N.J., Local 827 Business Manager William Huber says the news came as a total shock:
The workers maintain copper landlines in New Jersey. The company says the layoffs are necessary in face of declining landline use, but Huber says the company has other motives:
VCS workers are covered by a separate contract that that does not have a job security clause. With only 20 employees now left in that unit, the jobs of core Verizon technicians who were hired between 2003 and 2007 are now at risk in case of more layoffs. Says Huber:
Negotiations between the telecommunications giant and the IBEW and CWA remain deadlocked, with Verizon putting the same package of givebacks back on the table, including eliminating the company’s pension plan, giving management more leeway to outsource jobs and dramatically increasing health care premiums and deductibles, that led to last summer’s strike. More than 45,000 workers from New England to Virginia struck for nearly two weeks last August to protest the company’s draconian cutback demands. The IBEW and CWA called off the strike after Verizon agreed to extend the expired contract. The company made record profits in 2011, raking in more than $2 billion, while using tax loopholes to get out of paying any corporate income tax. Says Huber:
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