Verizon CEO: Hard decisions needed for landline business

After 45,000 Verizon workers walked off the job this weekend, Chief Executive Lowell McAdam issued a letter today to management justifying the need to extract better contract terms, saying that the company must make "additional hard decisions" to keep the cost of its wireline business in check.

Verizon
The strike represents the first work stoppage for Verizon in 11 years and occurred after the union said the company wasn't taking the negotiations seriously. The reduced benefits Verizon is seeking is illustrative of the pressures its landline business faces, as its traditional phone and Internet services face pressure from cable and wireless alternatives.

"It's no secret that the wireline business has experienced a 10-year decline in our customer base and in profitability, despite investing billions in improving our network, processes and systems," McAdam said in a note posted on the company's Web site. "Now, we're asking our union-represented employees to help us on a variety of issues that could streamline our processes and further reduce our wireline cost structure while keeping their overall compensation and benefits among the best in corporate America."

Verizon has already taken steps to reduce its costs, including cutting jobs, increasing the amount that management employees contribute to their benefits and selling some of its wireline assets. But McAdam said that hasn't been enough.

"We've all felt the impact of these changes," he said. "We have arrived at the point where we must make additional hard decisions to address customer needs and the overall operating costs of the business."

The prior contract terms were negotiated when Verizon was under far less competitive pressure, McAdam said, noting they weren't inline with "the economic realities of business today." He added benefit costs have risen even as revenue from the wireline business has shrunk, and other competitors have signed similar deals with their employees.

Verizon's wireline business posted a 0.3 percent decline in revenue in the second quarter, an improvement from the 2.2 percent decline in the first quarter. While its traditional phone business continues to deteriorate, its FiOS service--which offers faster Internet and television services--has been a source of growth.

Union workers say the company remains competitive and have balked at the need for compromise. While McAdam said his team is working to resolve the differences, the union has said it remains far away from management.


Reference Link : http://news.cnet.com/8301-1035_3-20089297-94/verizon-ceo-hard-decisions-needed-for-landline-business/#ixzz1UPmyXNA7




Latest Technology News

Tuesday 20 September 2011

Google Wallet opens for business

Google Wallet, which will allow people to tap or swipe their phones to pay for things, officially launches today on its first smartphone, the Samsung Nexus S offered on Sprint Nextel. While several other companies, including credit card giants Visa and American Express, as well as mobile wireless carriers, have also announced plans to launch their own digital wallets, Google is the first to take ... read more

Tuesday 20 September 2011

Facebook hides Poke button ahead of rumored redesign

For those of you who engage in the pinnacle of silliness and double entendre that is a Facebook "poke" war, a time of reckoning has come. The Poke button has been quietly hidden by the powers-that-be in Palo Alto, Calif. Of course, it's still possible to poke--the feature's just been hidden away in a drop-down under that little gear icon in the upper right corner of your friends' profile pages. ... read more

Thursday 08 September 2011

Google Docs suffers 30-minute outage

Update 3:25 p.m. PT: As of 3:10 p.m. Pacific Time, users from locations around the world are reporting the services are coming back online. Google's Apps Status Dashboard is still showing that Docs and Drawings are not working. Update 3:35 p.m. PT: The status dashboard has been updated to reflect that all services are back online. Apparently, the word processing and dra... read more

Thursday 08 September 2011

HP TouchPad screen can now support Android

The HP TouchPad is now capable of running Android with full use of the touch screen, thanks to the technical team at TouchDroid. Hard at work porting Android over to HP's discontinued but much-in-demand tablet, the TouchDroid techs were able to create the necessary drivers to coax Android 2.3.5 to run on the TouchPad and let people tap into the touch screen. ... read more

Wednesday 17 August 2011

Five possible responses to the Google-Motorola merger

There's no question that the mobile market was turned on its head yesterday when Google announced its $12.5 billion acquisition of Motorola. So what's it mean for the rest of the industry? Typically, industry consolidation begets more consolidation. CNET offers five predictions for how this mega-merger may affect other players in the mobile market from potential alliances to acquisition targets. ... read more

Wednesday 17 August 2011

Windows 8 prerelease launching in coming months

Windows 8 is set to hit the prerelease stage over the coming months, according to a blog posted yesterday by Microsoft President Steven Sinofsky. Though the term prerelease version is a bit vague, Sinofsky is likely referring to the beta of Windows 8 since he said that the company wants to "begin an open dialogue with those of you who will be trying out the prerelease version over the coming mont... read more

Monday 08 August 2011

Verizon CEO: Hard decisions needed for landline business

After 45,000 Verizon workers walked off the job this weekend, Chief Executive Lowell McAdam issued a letter today to management justifying the need to extract better contract terms, saying that the company must make "additional hard decisions" to keep the cost of its wireline business in check. ... read more

Monday 08 August 2011

250GB Android tablet coming, interested?

Here's something you can't get with an iPad: 250GB of internal storage. Archos' upcoming Android "Honeycomb" 3.2 tablet will pack a 250GB hard disk drive that's been tweaked to perform more like a flash drive. The Archos G9 will sport a 250GB Seagate Momentus Thin 2.5-inch hard drive--a mere 7 millimeters thick. Though not as compact as a 1.8-inch HDD (like Apple once used in its MacBook Air and ... read more

Friday 05 August 2011

Hacking laptop batteries: A new security threat

LAS VEGAS--The latest security threat to your laptop comes from an unexpected source: its battery. A security researcher demonstrated today at the Black Hat security conference how he was able to gain complete control of the microprocessor embedded in batteries used in Apple Macintosh laptops and then remove or bypass the built-in safeguards. "I can clearly brick the battery," said Charlie Mille... read more

Friday 05 August 2011

HTTPS Everywhere opens to all

The security add-on for Firefox called HTTPS Everywhere (download) that forces HTTPS encryption on numerous popular Web sites has graduated to its first stable release, about a year after it was released into public beta. The tool does not let you force HTTPS (Hypertext Transfer Protocol Secure) willy-nilly on Web sites. Instead, it includes a series of rules that supports sites that allow HTTPS... read more

Tuesday 02 August 2011

Firefox could get even more Chrome style

Early design concepts for Mozilla Firefox indicate that the browser continues to bend toward the light emanating from Google Chrome. Designs released for the interface-focused branch of the nightly version of Firefox reveal a look that brings the browser even closer to looking like its Google competitor, although it definitely has its own approach. ... read more

Tuesday 02 August 2011

iPad users finally get Skype app for a while

iPad users finally got their hands on a native Skype app today. More than a month after it was expected to make its official debut, the iPad-optimized Skype client began appearing in Apple App Stores today. The new app takes advantage of the tablet's larger screen real estate, making for crisp and clear video chat over Wi-Fi, and often less crisp chat over 3G. However, not long after the app app... read more

Thursday 28 July 2011

Google+ traffic dropping already?

Is the shine beginning to fade for Google ? Google's social-networking foray saw fewer U.S. visitors last week, and those who did visit spent less time on the site on average, according to new data released today by market researcher Experian Hitwise. Google+ had 1.79 million visits for the week ending July 23, a decrease of 3 percent compared with the previous week when the network had 1.8... read more

Thursday 28 July 2011

Researchers probe Googles geolocation database

Google recently took steps to limit the disclosure of the locations of millions of iPhones, laptops, and other devices with Wi-Fi connections after a CNET article drew attention to privacy concerns. Since then, the Mountain View, Calif., company has remained unusually tight-lipped--in contrast to the near-daily updates announcing improvements to its Google social network--about how it's limited ... read more

Thursday 28 July 2011

Microsoft delivers near-final Mango to app makers

Following Microsoft's release of the Mango update to Windows Phone 7 manufacturers yesterday, the company today put out a much-updated build of its mobile phone software tools for developers to test their apps on ahead of a public release. On Microsoft's Windows Phone Developer blog, Cliff Simpkins, the senior product manager of Microsoft's Windows Phone group notes that Windows Phone SDK 7.1 "be... read more

Tuesday 19 July 2011

The 411: Choosing between Androids

Welcome to the 411, my column answering all your questions about cell phones and cell phone accessories. I receive plenty of questions about these subjects via e-mail, so I figured many of you might have similar queries, too. At times, I might solicit answers from readers if I'm stumped. Send your questions and comments to me at nicole.lee@cnet.com. If you prefer to remain anonymous, let me know i... read more

Tuesday 19 July 2011

Firefox world loses Web dev guru to Chrome

For years, an extension called Firebug has been a powerful tool that kept Web programmers loyal to Firefox. But now, as browser makers add their own tools geared to attract those who build Web sites and applications, the lead Firebug programmer has taken a job with Chrome, CNET has learned. "Monday, I start work on next-gen Web dev tools at Google on the Chrome browser team. Consequently I will ... read more

Thursday 26 May 2011

Droid X to see Gingerbread on May 27

Motorola and Verizon Wireless are expected to deploy Android 2.3 to the Droid X on Friday, May 27. The Gingerbread update is rather sizable at 112MB, but it comes with a host of new features and enhancements including a new download manager app, application grouping, and an updated user interface (see our Samsung Nexus S review for the full Gingerbread features). Additionally, it should be easier ... read more

Saturday 30 April 2011

Instant voice mail and online role-playing: iPhone apps of the week

Some interesting Apple news this week from AppleInsider revolves around Apple's acquisition of the iCloud domain name. Apparently, according to sources, Apple paid Sweden-based company Xcerion an estimated $4.5 billion for the domain. It is rumored that the cloud service will be announced this summer at Apple's Worldwide Developers Conference here in San Francisco. ... read more

Saturday 30 April 2011

Is AT&T a wireless spectrum hog?

AT&T is pinning its future on getting its hands on more wireless spectrum. But should regulators allow AT&T, which owns more wireless spectrum than any other wireless operator across the nation, to gobble up even more of this scarce resource? That's the big question that the Federal Communications Commission is grappling with as it scrutinizes the planned merger between AT&T and T-M... read more

Wednesday 27 April 2011

MIT recommends interim storage for nuclear waste

Regardless of whether spent fuel from today's nuclear reactors is treated as waste or reused as fuel in the future, an expert commission says the U.S. should create a centralized storage system, an issue drawn into sharp focus because of Japan's current nuclear crisis. The Massachusetts Institute of Technology today released a report called the "Future of the Nuclear Fuel Cycle," where a panel ar... read more






Neonix Infomedia Utama
Products
Services
Our Supports
Our Clients
Advertisement