batterup
I Can Not Tell A Lie.
Premium
join:2003-02-06
Netcong, NJ
clubs:
 ·Verizon Online DSL
| reply to dynodb
Re: Let them eat dog food.
said by dynodb  :said by batterup :Good move Quest, cut promised benefits to those that built the company. That is a desperate move by a dieing company; Turn out the lights, the party is over. Umm... huh? After years of losing money after the US West / Qwest merger and paying off some $10 billion in debt, they're now making money, profits are up and the stock price has gone from under $1 to $9. I'm not sure that's how you characterize a dieing dying company. They are taking one time short sighted measures that alienate employees. at&t and Verizon don't want them. Guess why? |
|
Karl Bode
News Guy
join:2000-03-02 | dynodb is an employee.
I'm curious, dynodb, what is the gist on these retiree benefit changes, and what's the opinion there at Qwest? |
|
dynodb
Premium,VIP
join:2004-04-21
Minneapolis, MN
| Employees and retirees alike haven't been 100% pleased with the last union contract, but there was a reality that had to be faced- Qwest was in financial trouble not so long ago, health care costs have gone up, and no one wanted to see more layoffs.
Also, few wanted to see a repeat of the 2 week 1998 strike that left a lot of hard feelings in it's wake, but a lot of us expected it would come to that.
Overall, there doesn't seem to be a lot of resentment though most former-US West employees wish the merger had never happened. |
|
viperlmw
Premium
join:2005-01-25
·Qwest.net
| I believe the biggest retiree issue is the change to the retiree death benefit. Used to be equal to one year pay rate, now it's flat $10,000. Managers also no longer receive a retirement (happened several years ago). Other than these, I can't think of any other retiree issues that are a big deal (your mileage may vary).
My $.02 |
|
batterup
I Can Not Tell A Lie.
Premium
join:2003-02-06
Netcong, NJ
clubs:
·Verizon Online DSL
| said by viperlmw :I believe the biggest retiree issue is the change to the retiree death benefit. Used to be equal to one year pay rate, now it's flat $10,000. Managers also no longer receive a retirement (happened several years ago). Other than these, I can't think of any other retiree issues that are a big deal (your mileage may vary). My $.02 Managers most likely don't receive a guaranteed pension. Like Verizon management they most likely now have to invest the money on their own. |
|
flushls
join:2004-11-02
Joyce, WA | reply to dynodb
I compete with QWORST every day and we are kick their collective azz period.
QWORST is dead they just don't know it yet. |
|
viperlmw
Premium
join:2005-01-25
·Qwest.net
| said by flushls :I compete with QWORST every day and we are kick their collective azz period. QWORST is dead they just don't know it yet. Yea, neither do the analysts, or the customers, or the stockholders, for Fitch, or anyone who acutally has a clue. |
|
batterup
I Can Not Tell A Lie.
Premium
join:2003-02-06
Netcong, NJ
clubs:
·Verizon Online DSL
| said by viperlmw :said by flushls :I compete with QWORST every day and we are kick their collective azz period. QWORST is dead they just don't know it yet. Yea, neither do the analysts, or the customers, or the stockholders, for Fitch, or anyone who acutally has a clue. It's the demographics and topography. If Qwest were part of Verizon it would be sold to FairPoint Communications.
»www.boston.com/business/technolo···a_friend |
|
