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 managers' 401(k)
retirement savings plans and noted employees would retain benefits they
have already earned, but not accrue any additional benefits.
MCI killed all pensions under BK. So working for VZ means 401k and lots
of disgruntled employees who will blame loss of revenue NOT on bonehead
Tele-Baron management policies but on competitors for eating their
lunch. That means more DSL slamming; more delays in repairs and
installs. CLECs and ISPs will feel the brunt, since the Tele-Barons have
done an excellent job of manipulating the CWA leadership. (Anyone
remember the commercial with the wife of the SBC employee who was going
to lose his job over UNE-P???)
RAD-INFO, Inc. - NSP Strategist
We Help ISPs Connect & Communicate
ISP Expo in Tampa, Dec. 9 & 10
Mac Dearman wrote:
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 good times roll")
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