Verizon reaches deal with unions

11 Aug 2008

The US wireline operator Verizon Communications has reached a tentative agreement with two unions which averts a planned strike. Verizon announced on Sunday that it had concluded three-year contracts with the Communications Workers of America and the International Brotherhood of Electrical Workers, which together represent around 65,000 Verizon employees. The deal offered by the telco includes a 10.5% wage increase to be staggered over three years. Verizon is keen to avoid industrial action which could hamper its rollout of fibre-optic broadband internet and TV networks.

United States, Verizon Communications