YOUNGSTOWN, Ohio - More than 300 jobs will be lost in the consolidation of a wireless voice and data business that received a tax credit recommended by Ohio's privatized nonprofit job creation board.
The Vindicator in Youngstown reports the consolidation of Verizon Wireless offices in Ohio will result in the shutdown of the company's Boardman office and the loss of 370 jobs.
The JobsOhio board created by Republican Gov. John Kasich's administration to lead Ohio's economic development efforts recommended the $4.5 million tax credit to keep Verizon in the state.
Kasich spokesman Rob Nichols says the tax credit saved other Verizon jobs in Ohio. JobsOhio spokeswoman Laura Jones says there's a net positive of 500 jobs.
Verizon spokeswoman Lauren Merritt says the company is trying to consolidate operations and make better use of its real estate.
On Thursday Verizon announced it will be offering a new LTE Advanced network in 461 cities across North America, including Cleveland and Akron.
Verizon confirms $4.83B buyout of online pioneer Yahoo, marking end of an era for company that once defined the internet.
Verizon customers will likely see rate hikes beginning Friday, July 8, according to CNET.
Striking Verizon employees may be back to work next week.
About 39,000 Verizon landline and cable workers on the East Coast walked off the job due to a contract dispute.