Verizon Prepares $1.9B Pre-Tax Charge
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•Verizon to eliminate nearly 5,000 employees in $2 billion cost-cutting move
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Verizon Communications Inc. will take a pre-tax charge of as much as $1.9 billion in the third quarter tied to 4,800 planned job cuts.
The biggest US mobile carrier announced a voluntary separation program for some US -based management positions in June .
Over half of the employees concerned will exit in September and the rest by the end of March .
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