Verizon's Pact Seen as Critical To Its Industry

Article Abstract:

Verizon Communications' labor unions are pleased with their new contract with the telecommunications provider. Both Communications Workers of America and the International Brotherhood of Electrical Workers represent 60,000 of the Verizon's 224,000-member labor force. In exchange for greater union representation among the workforce, the labor unions conceded that newly employed workers would not be subject to the same job security conditions as those offered to those already employed. This gave Verizon a needed advantage in future economic planning to determine when layoffs will be necessary.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Personnel administration, Labor organizations, Labor Unions, Labor Unions and Similar Labor Organizations, Telecommunications services industry, Telecommunications industry, Negotiation, mediation and arbitration, Labor relations, Communications industry, Labor contracts, Labour unions, Verizon Communications Inc., VZ, Communications Workers of America, International Brotherhood of Electrical Workers, Labour contracts

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Oracle to Acquire PeopleSoft for $10.3 Billion, Ending Bitter Fight

Article Abstract:

With the acquisition of PeopleSoft Inc., Oracle Corp. becomes the second largest business software company in the world. News of the acquisition pushed both companies' shares up sharply.

Prepackaged software, Acquisitions & mergers, Sales, profits & dividends, Financial management, Market share, Computer software industry, Software industry, Mergers, acquisitions and divestments, Finance, Company acquisition/merger, Company sales and earnings, Oracle Corp., ORCL, Company earnings/profit, Company market share, Company financing, PeopleSoft Inc., PSFT

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