And they're shedding people like mad.
10% of my company were RIF'ed on 10/30- mostly management- with more RIF's on the way. They are offering incentives (ISP's) to retire to most craft employees as well. Shedding an average of 4K employees per year through attrition that aren't being replaced.
The other thing is since 8/03 we have a tiered contracts. Anyone hired after 8/03 doesn't have employment protection (no layoff clause), pays a portion of their benefits, lower pay, lower pension, etc.
They were basically hired to build out the fiber-to-the-premise (Fios) network and then will be released with the employee's left to maintain it. They use to call them temp/term/36 month employees but they work harder when they think they have a chance to be hired on as a "core" employee (some do) so they dropped those titles.
Hired before 8/03?
$0 contribution to medical, dental or vision with coverage for life for you and your spouse
$0 contribution for life insurance, short term and long term disability
$0 contribution to pension (lump sum $400K+ or $3K/mo for life for my labor intense position; spouse would get 1/2 for the rest of their life if worker passed)
82% match on 1st 6% of 401K contributions
4 weeks va-kay after 3 years (start with 3) and goes up to 7 weeks over time
11 paid holidays
11%ish raise over next 3 years with COLA the last 2
:03: