In addition to the bevy of our marketplace challengers and direct and indirect competitive pressures in our corner of the Internet Ecosystem, there is this.
While consumer demand for the services provided on our world-class networks has never been higher, there are some areas – like home landlines – that are declining as more consumers use other platforms, such as text, social networks, and wireless, to communicate.
Couple that landline decrease with the rising cost of health care and you get… well, this graphic below.
Verizon spends nearly $4 billion a year providing health care for its employees, their families and our retirees. While it makes me proud that my company is willing to spend so much on this important benefit, addressing the growth of these costs cannot be ignored. That is one reason why Verizon East union-represented Wireline employees’ contribution toward their monthly premiums (currently zero) is a focus in our current discussion with our unions.
Take a look or share this infograph; I’d be curious how many people you know are facing similar pressures, and pay nothing toward their monthly premiums.
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