Verizon And Unions Reach ‘Tentative Agreement’ To End Strike
Source: Huffington Post
Verizon And Unions Reach ‘Tentative Agreement’ To End Strike
The largest strike in five years may soon be over.
05/27/2016 01:57 pm ET
Dave Jamieson
Labor Reporter, The Huffington Post
Labor Secretary Tom Perez said Friday that telecom giant Verizon and two unions representing its workers reached a tentative agreement that will end a massive, six-week strike.
In a statement, Perez said the parties had resolved their remaining issues “in principle,” but were still hammering out the contract language. Once that is done, the unions — the Communications Workers of America and the International Brotherhood of Electrical Workers — will submit the contract to membership for ratification.
“This tentative resolution is a testament to the power of collective bargaining,” Perez said. “I commend the leadership of Verizon, CWA, and IBEW for their commitment to resolving these difficult issues in the spirit of constructive engagement.”
Verizon technicians and customer service reps on the company’s wireline phone business first walked off the job in mid-April. By modern U.S. standards, the work stoppage is massive — including some 37,000 workers, stretching from the Northeast through the mid-Atlantic. It is the largest U.S. strike in five years and has begun to hurt business for Verizon, which owns AOL, The Huffington Post’s parent company.
more: http://www.huffingtonpost.com/entry/verizon-unions-strike-end_us_57488844e4b03ede4414ba35
Read more: http://www.huffingtonpost.com/entry/verizon-unions-strike-end_us_57488844e4b03ede4414ba35
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