I can certainly understand that businesses, in lean times, need to take steps to keep afloat to avoid bankruptcy, but when you're close to earning $12B in profit a year, cutting pension and healthcare benefits is just mean-spirited. Verizon is destroying the middle class that it is hoping will buy its FIOS and wireless services, and that's both bad for business and bad for the country, and I don't want to support those sorts of actions.
Verizon wireless did a similarly mean-spirited thing last year and moved thousands of customer support jobs from "expensive" SoCal to "cheap" Kentucky, putting a few of my pals out of a job, actually. Despite good wireless service, I cancelled my Verizon Wireless accounts immediately, and when Retention called to ask why, I told them exactly why, asked the caller where they worked, and advised them to start looking for a new job because their position was surely going to move to a cheaper area of the country too.
Isn't $12B in profits ENOUGH? Vote with your wallets folks, and be sure to tell Verizon why you're leaving.