Verizon & Unions Agree on Contract
Posted by Edward G. Lanza on 11 Aug 2008 | Tagged as: Telecommunications
AP via Forbes:
Verizon Communications Inc. and two unions representing 65,000 workers who had threatened to strike within hours agreed Sunday on a new three-year contract that provides 10.5 percent wage increases and changes in retirement benefits.
The pact, which must be ratified by union members, was hailed as a “breakthrough agreement in many ways” by Communications Workers of America President Larry Cohen.