Thread regarding Verizon Communications Inc. layoffs

Mapping Verizon's Next Offer To Craft 3rd or 4th Quarter

To those who can truly implement the next offer to craft. It is clear to all involved, that employees like me are the targets of Verizon's Management Executives to to get off the books. I have been eligible for retirement for the past five years. The last offer was fair, but not enough or designed to motivate me to leave with over three years of pay yet untapped. I can easily stay to the end of the contract and be far better off than the offer that was given as-well-as the prior offer that had $40,000.00 more.

To the point ~ we have three years remaining on the current contract here in New York and Verizon's promise to Wall Street to reduce expenses $10,000,000,000.00 by next year is fast approaching. They currently are gonna miss that boogie by several billion dollars. How can management satisfy Wall Street; reduce the headcount to attain expense reductions; with minimal litigation & avoid negative public perceptions from large firings?

Answer–make a historic onetime offer near $126,000.00 (which is equal to my last offer) with the following change:

The last package provided about $1,000.00/month for 48 months after retirement and the remaining approximate $78,000.00 disbursed back to you at a tax rate of 42% with a take home amount of around $45,240.00 to $37,000.00.

SCRATCH THAT PROCESS

Invoke a onetime package that the entire $126,000.00 would be given to the employee's 401K Plan. or the greatest amount of the principle number allowed by State and Federal Law.

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Post ID: @OP+15SpWlOJ

24 replies (most recent on top)

Package or not I'm retiring by January 2nd...50 y/o 30 years done...peace ✌️ out. Good luck to all.

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Post ID: @njfq+15SpWlOJ

10-15 Associates likely are the equivalent of your Scarborough, but in our MidState NY area, as they also post notices of meetings on retirement immediately before any knowledge upcoming EISP's are announced to the unionized rank and file within our area.
One wonders who tips-off such organizations, that inside info being so damn lucrative, before even our union halls have announced that they have been notified.
Historically, the first sign made to unionized employees that a package is coming is from neither the Union nor from the Company but, rather, from these tipped off entities.
Who are they, and who tips them off?

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Post ID: @mdgf+15SpWlOJ

Scarborough just contacted the IBEW, to set up a virtual meeting on retirement. That’s usually the first sign a package may be coming.

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Post ID: @jbyz+15SpWlOJ

Craft needs a map to find the next manhole to nap in.

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Post ID: @gbfd+15SpWlOJ

Where have you gone Asshat Man? Our Nation turns its lonely eyes to you?

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Post ID: @frzy+15SpWlOJ

Not going to happen, we don’t have enough people to do the work. I am in the flagging dept in Mid-State and we are swamped. Everyday I’m sent somewhere, and sometimes I have to stop and the wave on cars.. we could use some help.

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Post ID: @6iss+15SpWlOJ

I can explain the union calculation for you....
Work=0
All else=more more more more more more more more more more more more more more more more more more more more more more more more more more
Ad infinitum

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Post ID: @6ppo+15SpWlOJ

I don’t understand the complicated union calculations but this management employee will happily bow out for 3 weeks pay per year served.

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Post ID: @6inz+15SpWlOJ

I don't want to sound like and ingrate because I'm well aware Verizon doesn't have to offer ANY incentive at all for retirement. But my point is that even the super IPP (max value of about $140k) is not going to get a mid 50's person to retire unless they were looking to go any way. Remember full SS does not kick in until 67. I think three years pay would pretty much clean house if that's what their goal is.

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Post ID: @4jlq+15SpWlOJ

Op post forgot one thing.....there is going to be huge savings in Real estate expenses, since they’ve figured out we work well at home.

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Post ID: @2vzu+15SpWlOJ

In my garage, there were 2 guys holding out for the offer that never came. Both 60+ in age, one had a heart attack And the other is on a dialysis machine. I agree, get out now and enjoy retirement while your healthy.

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Post ID: @2kyd+15SpWlOJ

I stopped waiting for the offer. Waited too long - enjoying golf and retirement now. Your not getting any younger - enjoy retirement.

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Post ID: @1ent+15SpWlOJ

At retirement age but looking for a handout to retire. Typical blue collar union associate. Full of debt and didn't prepare for retirement. At least you have the fancy mid life crisis Harley payment though. Gokd luck.

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Post ID: @1kcd+15SpWlOJ

It's not the mismanage of finance, Its waiting to get an incentive to leave a nice paying job. Most are able to be ok with the current retirement payout but if offer 100k+ makes the deal sweeter. It also s— if you was to leave now and next month they make an offer that you missed out on. With that said, I don't think the union contract would allow the company to make an offer to role over the money into the 401k tax free but if they could yes that would be great.

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Post ID: @1xjz+15SpWlOJ

You can “map” out an offer that is more advantageous to yourself, but the Company need only make the offer already approved in the contract and they would get more applicants than they would be willing to let go

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Post ID: @1vaz+15SpWlOJ

Thank you to the original poster. You have triggered the spittoon with her subsequent, multiple responses. Good work. We all thank you dearly.

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Post ID: @1wmn+15SpWlOJ

Suggestion read, understood, and rejected.
We really don't care if you retire early or not.
Thank you for your time.

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Post ID: @1qhn+15SpWlOJ

I've seen this 100 times managing craft employees. They get paid extremely generously for 20+ years, and they never learn to save and invest. Come retirement time, they're trapped. They scramble to get money together at the end, and they end up as greeters at Walmart if Verizon doesn't step in and save them (again).

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Post ID: @uds+15SpWlOJ

I feel bad because you know this guy worked really hard trying to type this out. Maybe take a writing class at your local community college when you retire.

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Post ID: @xgn+15SpWlOJ

Nawwww I think I'll stay, Desnt that piss you off.................. Hahaha

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Post ID: @hdd+15SpWlOJ

You've been overpaid all your career, and you're looking for a handout to leave? How badly did YOU mismanage your finances?

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Post ID: @mbq+15SpWlOJ

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