Verizon: Just over 10,000 workers accepted in worker buyout

|About: Verizon Communications (VZ)|By:, SA News Editor

In an update on its first employee buyout offer in 13 years, Verizon (VZ -0.6%) says about 10,400 have been accepted as part of the voluntary separation offer.

Employees have been notified today whether they were accepted, and what their last day on payroll will be (the end of December, March or June depending on business needs).

The company had 152,300 employees at the end of Q3.

The offer, considered more "employee friendly" than previous buyouts, included up to 60 weeks of salary, bonus and benefits (depending on length of service).

The company's realignment changes are "well-planned and anticipated, and they will be seamless to our customers,” says CEO Hans Vestberg.

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