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Verizon's voluntary separation offers irk its 3,000-odd employees

The move comes at a time when the biggest player of the US wireless market, Verizon, is trying to slash expenses and save $10 billion in costs by 2020

Verizon
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Verizon

Debasis Mohapatra Bengaluru
Global telecommunications major Verizon’s voluntary separation offers, following a deal to outsource office works to Infosys, have angered its 3,000-odd employees working in the information technology (IT) division.

According to multiple sources, Verizon’s offers to the employees who will be affected by the $700-million contract include an option for them to join Infosys by the end of 2018. An employee can opt for a severance package that offers three weeks of pay for completion of every one year on service with the company, or can join Infosys with an assured salary payment for a period of one year.

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First Published: Sep 29 2018 | 5:30 AM IST

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