Where is the rule, policy or law that mandates Verizon must use union workers? Especially under a new union contract of any kind? Get ready folks, it’s happening.
10 replies (most recent on top)
Either way, half of all the union employees are going to be retired at the end of the contract. The next contract negotiations will be unlike any in the past.
@br “Believe Nothing until It Is Officially Denied”
@bx Exactly. In my years of experience at Verizon I have learned that the best indicator that Verizon is going to do something is when they claim they aren't.
I have also noticed that afterwards, they will say "This was a management decision" while never acknowledging the previous denial that it was even in the works.
And if/when there is damage done due to the incompetent decisions that were made, it was always an "acceptable risk"
@br that's exactly what they said about, HCL, Infosys and a host of other big changes and they all came true. VZ does have a bad poker face, when it come to denial.
“Any assertion that Verizon is being positioned for a sale to SpaceX — or any other entity — is unequivocally false, unsubstantiated, and entirely without merit,” the Verizon spokesperson said.
ROI / Cost of Capital / capital investment required ….makes no sense whatsoever.
Dan the old man wants to sell the business side only. Doubt Elon will buy it he’s already in a partnership with tmo
The idea is intriguing, but it overlooks several major obstacles.
First, Verizon is a publicly traded company worth hundreds of billions of dollars in enterprise value. Even for Elon Musk, acquiring Verizon would require an enormous amount of capital and financing.
Second, SpaceX is a private aerospace company, not a telecom operator. Running a nationwide wireless carrier involves spectrum licenses, regulatory compliance, retail operations, and millions of customer relationships—very different from building rockets and satellites.
Third, SpaceX already has a telecommunications strategy through Starlink. Partnering with wireless carriers gives it many of the benefits of cellular integration without assuming Verizon's debt and operational complexity.
Fourth, Verizon's workforce presents a significant challenge. A substantial portion of Verizon's employees are represented by labor unions, with collective bargaining agreements governing wages, benefits, work rules, and layoffs. SpaceX has historically operated with a very different management philosophy and has generally opposed unionization. Integrating a heavily unionized workforce into a company with that culture would likely create major labor and operational challenges.
Finally, regulators would closely scrutinize any acquisition of a major U.S. telecommunications provider due to national security, competition, and communications infrastructure concerns.
While shareholders might receive a takeover premium, that doesn't necessarily mean the acquisition creates value for SpaceX. The financial, regulatory, cultural, and labor hurdles make a full acquisition far less likely than continued partnerships between Starlink and existing wireless carriers.
@OP I believe this will happen, operate VZ under SpaceX as a division. Why not? Elon has a need, he has the means and it will return profit to VZ shareholders. Now for VZ employees - well...