Verizon, unions reach tentative contract

September 19, 2012

(AP)—Verizon and unions representing 43,000 employees have reached tentative, three-year agreements covering job security, retirement and other issues.

As the agreements were being signed Wednesday, Inc. called them "fair and balanced."

The pact comes more than a year after Verizon workers took part in a two-week strike amid tense negotiations. The company and the unions had disagreed on , pensions, and work rules.

The unions involved are the Communications Workers of America and the International Brotherhood of Electrical Workers.

CWA, which represents 34,000 Verizon workers from Virginia to Massachusetts, said the previous contract expired in August 2011. The union says the new contract preserves existing language prohibiting layoffs for those hired before 2003. It also preserves the pension plan for current workers.

Explore further: Deal struck in New York Yellow Page strike

0 shares

Related Stories

Recommended for you

Sydney makes its mark with electronic paper traffic signs

July 28, 2015

Visionect, which is in the business of helping companies build electronic paper display products, announced that Sydney has launched e-paper traffic signs. The traffic signage integrates displays from US manufacturer E Ink ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.