Verizon and the IBEW unions in New England have reached an agreement to allow all over subscribers to leave the business under the terms of the special enhanced EIPP. The company has agreed to backfill all oversubscriber positions through a combination of canvasses, bids, and external hires. We should have more details about off-property dates next week. Thank you for your patience throughout this process and congratulations to everyone who will be retiring.
The company and union are still in discussions over a possible agreement to allow oversubscribers to qualify for the surplus package. Those discussions likely will not be completed today. We hope we can come to an agreement as quickly as possible, and will report any updates as soon as they are available.
For those who have been accepted for the package, your first day off the property remains this Sunday, October 1th. Congratulations and best wishes for the future.
Verizon has declared a surplus under Article G25 of the collective bargaining agreement, and the company will be offering the Special Enhanced Income Protection Plan to employees in the affected job titles and work locations.
Below, we’ve listed every impacted title, location, and position count across Plant, Sales, and Accounting in Local 2321 — along with the key dates you need to know, from when notices go out in the mail to the final day on the property.
If you believe you’re affected and haven’t received a package, don’t wait — call the union hall.
Volunteer Period: August 27 – September 10
Last Day Worked: September 28
Off-Payroll Date: September 29
You’re invited to this workshop presented by Kate Glidden, CFP®, Senior Financial Advisor with Gallagher Financial Planning.
You can register by scanning the QR code on the flier below, calling 800.246.1433, or by clicking on this link.