Canada / Verizon’s Arrival Will Cost Thousands of Jobs says Ken Georgetti, President of the Canadian Labour Congress

The federal government’s decision to pave the way for the multinational giant Verizon to enter Canada’s telecommunications market will cost thousands of jobs and will not benefit consumers in the long run, says Ken Georgetti, President of the Canadian Labour Congress.

“Verizon’s entry into Canada will result over time in the shifting of thousands of Canadian telecommunication jobs to the United States,” Georgetti says. “Verizon is a $115 billion company, more than three times larger than the entire Canadian telecommunication industry. The Canadian market will be merely an appendage to Verizon’s American operations. Research and innovation, network maintenance, customer service and all head office functions will be performed in the U.S.”

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via Verizon’s Arrival Will Cost Thousands of Jobs – Press Release – Digital Journal.