Bell Atlantic Faces Monstrous Labor Crunch.NEW YORK--(BUSINESS WIRE)--May 28, 1998--Bell Atlantic North is facing a monstrous labor crunch. The former Nynex Corp., now part of Bell Atlantic, could be short some 14,000 line installers and clerical staffers -- almost a third of its unionized work force -- by August, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the June 8 issue of Business Week. That's how many workers say they're interested in a juicy buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. the company must offer to members of the Communications Workers of America Communications Workers of America (CWA) is the largest communications and media labor union in the United States (the union also has locals in Canada), representing over 700,000 workers in both the private and public sectors. (CWA CWA Clean Water Act (33 USC) CWA Communications Workers of America CWA Concerned Women for America CWA CEN Workshop Agreement (European pre-normative document) CWA County Warning Area CWA Clean Water Action ) before their contract expires Aug. 8. Back in 1994, when the deal was negotiated, Nynex thought it would need that many fewer workers. It had an ambitious plan to reengineer work assignments, and it anticipated a slowdown in demand for new lines. But the productivity gains necessary to make the plan a success were never achieved. And the plans forecast of phone-line demand was woefully woe·ful also wo·ful adj. 1. Affected by or full of woe; mournful. 2. Causing or involving woe. 3. Deplorably bad or wretched: low. In fact The forecast was off-base, Business Week reports, and the company has actually hired 1,000 workers since 1994.
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