Verizon Reaches New Labor Deal

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Verizon Reaches New Labor Deal

Postby goingback on Thu Jul 19, 2018 5:40 pm

Verizon Communications Inc. reached a tentative agreement with unions representing more than 30,000 employees, the parties said Thursday, a move likely to avoid the work stoppages that have plagued past negotiations.

The four-year agreement covers pole climbers, call-center representatives and other staffers in Verizon's landline business, which includes its Fios TV and broadband services. During the previous round of negotiations, in 2016, some 40,000 workers went on strike for 49 days.
The workers covered by the new deal are represented by the Communications Workers of America and the International Brotherhood of Electrical Workers. Their current three-year agreement runs through 2019 and the new agreement will take effect after that, running through August 2023.
The tentative deal includes 2.5% wage increases in 2020 and 2021, a 2.75% increase in 2022 and a 3% increase in 2023. It is subject to approval by the unions' members in August.
Verizon approached the unions to negotiate in recent months, beginning talks earlier than in past negotiations.
"We saw this as an opportunity to make improvements for our members without the lengthy conflict we experienced two years ago," Ed Mooney, vice president for CWA District 2-13, which includes Pennsylvania and Virginia, said in a written statement.
Seven out of the past 10 contract negotiations between the parties have resulted in strikes, leaving workers without paychecks and senior Verizon managers working overtime, climbing poles and manning call centers. Past strikes have resulted from disagreements over health-care costs, retirement benefits and job outsourcing.
"We believe this contract extension is good for both Verizon and our employees, and will allow us to continue to focus on our customers without any distraction," Marc Reed, Verizon's chief administrative officer, said in a memo to employees Thursday afternoon.
Verizon, the largest U.S. wireless carrier by subscribers, employs 154,700 workers.

https://www.morningstar.com/news/dow-jo ... -deal.html
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