Verizon Contract Expiration

Brunch at Cheesecake Factory on Saturday January 24^th and Sunday January 25^th at 11am provided by Scarborough Alliance

Margaret Pierce will be hosting two informal gatherings for IBEW members to have brunch at the Cheesecake Factory in Burlington MA and Braintree MA locations on the weekend of January 24^th and 25th. She would like to provide this opportunity for members and their spouses to ask any questions they may have as they consider retirement in the short or long term. This will be an informal gathering, simply an opportunity to have brunch and ask Margaret any questions you may have.

Saturday: January 24^th: Cheesecake Factory located at the Burlington Mall, Burlington MA, 01803

Sunday: January 25^th: Cheesecake Factory located at 250 Granite Street Braintree MA 02184

If you are interested, please call or email Margaret directly so she can reserve a table.

She can be reached directly at 508-415-9200 or email her at mpierce@scarboroughalliance.com

Margarets Bio

Sisters and Brothers of Local 2322,

Our current collective bargaining agreement with Verizon is set to expire Saturday, August 1^st, 2026. The IBEW System Council T6 along with IBEW Local 2213, IBEW Local 827 and CWA Districts 1 and 2-13 have agreed to meet with Verizon for a limited amount of time in January to explore the possibility of a contract extension. The IBEW and CWA remain focused on our members' priorities, and will provide an update on these discussions as soon as one is available. While we hope these talks prove productive, it is imperative that we continue to prepare for contract expiration by mobilizing and showing our solidarity.

Fraternally,

Eric Hetrick

Verizon to Cut About 15,000 Jobs

CLICK HERE FOR ARTICLE

Telecommunications company is looking to reduce costs as it works to stem customer losses

The layoffs include shifting about Verizon 200 stores into franchise​s​, moving employees off ​the books.

Verizon Communications plans to cut roughly 15,000 jobs, its largest reduction ever, to reduce costs amid rising competition.
 

Verizon Communications VZ 1.47%increase; green up pointing triangle is planning to cut roughly 15,000 jobs, looking to reduce costs as it contends with increased competition for both wireless service and home internet customers, according to people familiar with the matter.

The cuts, the largest ever for the carrier, are set to take place in the next week, the people said. The majority of the reduction is expected to be made through layoffs. 

Verizon also plans to transition about 200 stores into franchised operations, which will shift employees off its payroll, one of the people said.

The company had about 100,000 employees as of February, according to securities filings.

Verizon, the largest U.S. telecommunications provider by subscriber base, faces a fierce battle in both wireless and home internet markets. It has lost crucial postpaid phone subscribers for three consecutive quarters, as other wireless companies pick off customers. In April, it began offering a price-lock guarantee for a swath of customers, though competitors have also since pushed similar promotions.

In the most recent quarter, Verizon lost a net 7,000 postpaid phone connections, while Wall Street analysts had forecast a gain of 19,000. AT&T and T-Mobile have both been growing those subscriber counts.

Last month, Verizon named its lead independent director Daniel Schulman as its new chief executive officer. Schulman, a former CEO of PayPal and Virgin Mobile USA, has said he would aggressively reduce the company’s entire cost base and take steps to reverse the customer losses.

“Verizon is at a critical inflection point,” he said last month in a call discussing the company’s third-quarter results.

The company has said it plans to exit or streamline legacy businesses that don’t offer clear paths to profitability, and will look to be a more nimble organization.

“We have a tremendous amount of opportunity to be more efficient, to be scrappier,” Schulman said. “Cost reductions will be a way of life for us here.”

Morgan Stanley analysts wrote in an October note that delivering Schulman’s vision in a mature U.S. telecom market would “not be easy or quick.” They said it is “possible—if not probable—that Verizon can improve operating and financial performance over time while remaining a rational actor in the marketplace.”

Verizon joins a wave of companies slimming down, with some finding tech-driven ways of improving efficiencies. Corporate giants including Amazon.com, United Parcel Service and Target have all announced job cuts in recent weeks.

Red and Charcoal Short and Long Sleeve Shirts available for purchase

$25 Short Sleeve

$30 Long Sleeve

Various sizes left L-3X

Call the Union office at 508-947-2131 for availability.