Verizon, 2 unions announce 3-year contracts
Telecommunications company Verizon and two unions say they have new contracts, avoiding a Monday morning strike by 65,000 workers.
By Agencies |
NEW YORK: Telecommunications company Verizon and two unions say they have new contracts, avoiding a Monday morning strike by 65,000 workers.
Verizon says the contracts include wage increases totaling 10.5 percent over three years.
The Communications Workers of America and the International Brotherhood of Electrical Workers had threatened to strike Verizon Communications Inc. at 12:01 a.m. Monday if no agreements were reached. The unions say they're pleased with the tentative three-year contracts, which are subject to ratification by their members.
Verizon says the contracts include wage increases totaling 10.5 percent over three years.
The Communications Workers of America and the International Brotherhood of Electrical Workers had threatened to strike Verizon Communications Inc. at 12:01 a.m. Monday if no agreements were reached. The unions say they're pleased with the tentative three-year contracts, which are subject to ratification by their members.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
