Verizon Workers Score Major Wins With The Deal To End Their Strike
After almost seven weeks, a union representing Verizon workers agreed in principle on a contract. Verizon made several major concessions in the deal.By Grant Suneson | May 30, 2016
Nearly 40,000 striking Verizon employees will return to work Wednesday after coming to terms on a new contract.
Labor union Communications Workers of America and Verizon reached an agreement Friday, and it looks like a big win for the workers.
Terms include $1,250 in bonuses and annual raises for the next four years, as well as some profit sharing from the company. Verizon will also add 1,300 unionized call center jobs on the East Coast, even though it wanted to shut down call centers in the U.S. to move them overseas.