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Unions Struggle to Regroup As Verizon’s Hits Keep Coming | The Indypendent: "Bill Huber, president of Electrical Workers (IBEW) Local 827, believes the VCS layoffs are a foot in the door to lay off the better-compensated core techs.
Once the majority of VCS techs are fired, Verizon can change the job description of the few who are left and begin to lay off core workers.
In a meeting with union leaders, a Verizon official reportedly said that VCS is profitable; it’s just not profitable enough to appease Wall Street.
Verizon earned $20.5 billion over the last five years while paying its top five executives $258 million. In 2010 the company paid no federal income tax and received a $1.3 billion refund."
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Nuts and Bolts is a recurring series by Stephen Wermiel providing insights
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