Verizon offers employees early retirement in a $10 billion cost-cutting bid

Verizon started 2012 with nearly 196,000 employees. It will end this year with less than 153,000 thanks to a fairly generous early retirement program it announced, the first of its kind in 13 years.

The severance package includes three weeks of pay for each year of service and includes all management-level staff as well, but not front office sales reps. The deadline for acceptance is mid-November, and if you want in, phasing out the early retirees is likely to be finished by the middle of next year.

The move is part of a broader cost-cutting effort ...

Source PhoneArena https://ift.tt/2xFAAzp
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