Verizon Announcement of 4Q Surplus (Process Change)
Verizon has declared a surplus in FAAs 1,2,3,4,5 & 6. This surplus has been determined by the Company to be due to a process change, not an external event. The provisions of FAP Articles 8(b) and 10 will not apply. CWA Local 1101 titles affected by the surplus appear in column marked FAA 1.
There are a total of 43 declared surplus in FAA 1. They are as follows: Accounting Financial Clerk (8); Administrative Assistant (12); Central Office Technician (4); Materiel Equipment Technician (4); Network Services Coordinator (2); Office Assistant (2); Senior Administrative Assistant (1); Special Assistant (10).
If the surplus condition requires the use of the Enhanced Income Protection Plan (EIPP) under step three of the Force Adjustment Plan, the EIPP packages will be distributed to employees in the surplus titles and FAAs involved by December 3, 2013. The election period will be until December 17, 2013, and the off-payroll date will be December 29, 2013.