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Verizon Secures Tentative Agreement with Labour Unions
Published on:
The USA's Communications Workers of America (CWA) says that it has a tentative agreement with Verizon Communications that protects the job security and retirement security of 34,000 members from Virginia to Massachusetts.
A new contract has also been negotiated between Verizon Wireless and 70 CWA-represented technicians who maintain cell sites in the metropolitan New York area.
The settlement comes after a two-week strike when the old contract expired in August, 2011.
The agreement includes the preservation of existing job security language, including a prohibition on layoffs of workers hired before 2003 and restrictions on the company's right to relocate work out of the region. It also includes the preservation of the existing defined benefit pension plan for all current employees.
The workers at Verizon Wireless negotiated a contract containing no concessions and substantial wage increases.
Additional details of the agreement are being withheld until local unions have an opportunity to present them to members in meetings and at work locations over the next several days. Specifics of the ratification process have not been finalized, but voting will take approximately one month to complete.
Tags: [communications workers of america] [verizon wireless] [USA]
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