Verizon offers to buy out managers

FRAMINGHAM (10/03/2003) - New York-based Verizon Communications Inc. said it's offering a voluntary buyout deal to virtually all of its 74,000 management workers, including 9,300 people in IT. A Verizon spokeswoman predicted that several thousand employees will accept the offer, which was announced one week after the company lowered its financial results forecast.

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