does anyone have any reall insight on this.
15 replies (most recent on top)
The entire "witeline/wireline" will soon be shifted the 3rd party vendors. Copper days are numbered and the sooner they get rid of it the better off they will be financially.
It is common, when someone has screwed up bigtime, to look for someone to point the finger at. In this case you’re blaming “ the unions “. Go get yourself a mirror fool.
They could always do frontier phase iii(?) for craft.
they cannot rif craft ,they can only offer a buyout .
I think they need to let the rain bow line go.
The reason the stock price is dropping has nothing to do with the Union. It is Verizon debt, high interest rates, borrowing billions to buy VZW, 100 billion for 5G. Somehow it is the Unions fault. They didn't make those bad decisions.
Yes. But union employees cannot be RIFd. So only the Supervisors, Managers are RIFd as well as any "Individual Contributors" (if there are any left). They were already gutted, so there aren't many (if any) left to RIF.
What percentage of VZ management is Indian? > 50%? What percentage of RIFs have been Indian? 0%?
Post ID: @1bpc+1mWwhGy0
Unfortunately, the labour/craft contract should have never been renegotiated and emphatically not in advance -- because the macro and economical environment drastically changed for the worse. All the labour work should have been outsourced to 3rd party contractors.
The union will further demise this company to bankruptcy.
your d-mb they cannot RIF union craft members on the wireline side only their managers...really
What is Craft?
No only a sniff of the white line in the executive suite
Witeline is always impacted
As of 6/2/2023, the intraday VZ share price dropped to a twelve (12) year low.
Yes there will always be Rifs for management
OP: yes, is the answer. However, the question you posed is d-mbfounded and boneheaded. Moving forward, and as in the recent past, the answer is always, YES, to RIFs. Yes, to wireline, wireless, corporate, and operations. And, most important, need to RIF, labour/craft, as soon as possible.
T-Mobile taking VZ market share, does not have union(s) for labour/craft.