Then how do you explain to the people of Virginia or Ohio why their tec's have to go and work in West Virginia?
Why is it that the rate payer in Ohio or Virginia has to pay the cost to provide service in West Virginia? Ohio is in the FTR sale and you hear of their tecs working in WV while their subs are told that they will have to wait x number of days for repair or service? How is VZ going to explain that to the PUC in the Ohio Case?
Lays are good? Why did management hire, train and equip these people then lay them off. Is it a failed policy by VZ? Is it the Fios plan is failing? What is the answer?
From where I sit it seems like a bad allocation of resources. The managers that made the decisions to hire these people should be fired for costing VZ so much.
It is sad that the people wishing for more layoffs to make a few more bucks, does not care or understand that for every number assigned to a head being cut at verizon there is a family that will loose alot more than a few more % points on there dvnd and it will do no good to the overall economy. it was greed that got us into this mess in the first place. they are as shamefull as the big banks in wallstreet. Management greed will tank this company, do not worry when more people start to loose there homes the values of your property will go down to, so in the end everyone is going to feel the pain
First of all the stock will not be going up, the entire market is getting ready to go DOWN, with or without layoffs. Second, Verizon has been offering "early outs" for the past two years, cutting people where they can. Third, when cutting a workforce the company needs to maintain quality for their customer. If not, the money will stop coming in and again YOU will complain about the stock not going up. I believe quality is suffering already and more cuts will make longer times for repairs, new installs etc, etc. At one time a phone line would be fixed within 48 hours standard. Sometimes even the same day. Now customers are quoted 5 - 10 days. At some point you need a balance between quality work and layoffs. Either way I still say the market is going lower in the weeks and months to come....
You are talking to owners of the company. Our goal is to make the company successful-that is, bring in more profits. Sure, we care about our employees. But, the companies bottom line is our biggest concern. It would be yours too -if you owned the stock.
This is capitalism.
It is the duty of any corporation to maximize profits for its shareholders.
Layoffs should come in the management and redundancies in the field forces where AT and VZ overlapped.
VZ should be able to lay off around 18,000 workers over the next two months. That would increase net income to shareholders by about $1.6 BILLION.
Where possible the first slice should be to transfer interested, capable and willing workers to install FIOS. That new work can be done for about $8.00 per hour although they would likely get $15 to $18 in the union.
8,000 job cuts would increase net income by about $480,000,000 so the sooner they implement the cuts the better.
VZ could cut about 50,000 jobs to remain static so 8,000 is nothing.
VZ is going to cut more than 8,000 as it tunes its focus on the higher margin business such as its diamond of a product called FIOS.