http://news.yahoo.com/s/nm/20051206/bs_nm/telecoms_verizon_retirement_dc
NEW YORK (Reuters) - Verizon Communications (NYSE:VZ - news), the
second-biggest U.S. telecoms firm, said on Monday it was restructuring
retirement benefits for 50,000 managers in a bid to save $3 billion over the
next 10 yea
Actually, VZ is just hitting management:
Late Monday the company said it plans to freeze its guaranteed pension
plan for 50,000 of its managers, a move that could save the
telecommunications giant $3 billion during the next decade. The company
said it would expand its own contributions to mana
Yeah - I read that somewhere the other day! It is due to all that 6Mbps
internet they sell for $15.00 hehehehehe
Did they think they could spend 40 million a year and only bring in
22million and last forever?
Lassez les bons temps rouler!!!
( for the non Louisianians - "let the g
any one hear that verizon is no longer contributing
to their employee pensions.
it is the beginning of the end
rob
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