Verizon, unions reach tentative contract

Sep 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: China's Alibaba plans IPO for week of September 8

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Recommended for you

China's Alibaba plans IPO for week of September 8

15 hours ago

Chinese e-commerce giant Alibaba plans to hold its initial public offering on the US stock market the week of September 8, the Wall Street Journal reported Saturday, citing a person familiar with the matter.

Tablet sales slow as PCs find footing

15 hours ago

Tablets won't eclipse personal computers as fast as once thought, according to studies by market tracker International Data Corporation (IDC).

Chinese e-commerce rivals challenge Alibaba (Update)

Aug 29, 2014

China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

User comments : 0