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Article: Job loss feared at Verizon
- Article from:
- The Pantagraph Bloomington, IL
- Article date:
- October 23, 2009
- Author:
CopyrightCopyright 2009 The Pantagraph Bloomington, IL. Provided by ProQuest LLC. (Hide copyright information)
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BLOOMINGTON - A union representing Verizon workers in Central
Illinois says it's concerned about job security as the telecom giant
plans to divest much of its landline business.
Verizon, with more than 230,000 employees, said in July that it
wanted to shed 8,000 workers in its wireline unit by 2010. That
comes after the company already reduced headcount by more than 8,000
since mid-2008.
Verizon instead will focus on wireless and broadband, its fastest-
growing businesses. Verizon announced in May that it plans to sell
4.8 million access lines in 14 states - including Illinois - to
smaller Frontier Communications. Verizon says about 11,000 landline
employees would move to Frontier if the ...
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