ADVFN - Advanced Financial Network.
HOME» NYSE » V » VZ Stock Price » VZ Stock News

Verizon Share News

 Verizon Communications Stock Price
VZ Stock Price
 Verizon Communications Stock Chart
VZ Stock Chart
 Verizon Communications Stock News
VZ Stock News
 Verizon Communications Company Information
VZ Company Information
 Verizon Communications Stock Trades
VZ Stock Trades

Verizon Unions Requesting Federal Mediation in Talks

Two labor unions representing about 45,000 workers from Verizon Communications Inc. (VZ) have requested federal mediation in their ongoing negotiations with the telecom company. The groups have been in negotiations for almost a year. The Communications Workers of America and the International Brotherhood of Electrical Workers represent workers in Verizon's wireline division from New England to Virginia. In a statement, the unions said "Verizon management continues to insist on drastic cuts in benefits and employment security." The unions said they filed their request with the Federal Mediation and Conciliation Service. A Verizon spokesman declined to comment on the request. Earlier Thursday, Verizon's Chief financial Officer Fran Shammo said on a conference call that the company is "standing strong on our position of cost restructuring in this business. The negotiations are continuing albeit slow, and the process will take as long as it takes for us." He stressed that the wireline business has had declining profitability and that Verizon knew it was facing "extremely difficult and very hard negotiations and it was going to be a long haul not a short haul." In general, the telecom carriers have seen their wireline businesses deteriorate as consumers depend more heavily on mobile devices and switch off their traditional land-based home phones. AT&T (T) is also in the midst of contract negotiations with more than 40,000 wireline workers. On Thursday, Verizon reported a 3.1% drop in wireline revenue for the second quarter. -Write to Thomas Gryta at [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Verizon (VZ)
DateTimeHeadline
03/23/201713:25:00Get the LG K20 V on Verizon today
03/23/201708:00:00Verizon to redeem debt securities
03/22/201720:22:00AT&T Pulling Ads From Google Over 'Hate' Videos -- 3rd Update
03/22/201718:25:00AT&T Pulling Ads From Google Over 'Hate' Videos -- 2nd Update
03/22/201712:27:00Verizon to offer iPhone 7 and iPhone 7 Plus (PRODUCT)RED Special...
03/22/201707:45:00Verizon expands the Hum lineup with new app, features and product...
03/21/201713:05:37Notice of Exempt Solicitation. Definitive Material. (px14a6g)
03/21/201711:42:00Verizon Retiree Proxies Want to Claw Back & Level Playing Field...
03/20/201714:21:05Additional Proxy Soliciting Materials (definitive) (defa14a)
03/20/201714:18:45Additional Proxy Soliciting Materials (definitive) (defa14a)
03/20/201714:18:33Proxy Statement (definitive) (def 14a)
03/20/201708:31:35Current Report Filing (8-k)
03/20/201708:15:00Verizon announces results of its tender offers for 30 series...
03/17/201716:06:00Verizon announces pricing terms of its tender offers for 30 series...
03/17/201714:43:00Yahoo's Marissa Mayer Gets Reprieve From Hacking Criticism...
03/17/201709:00:00Permissive 10-digit dialing to begin in Eastern Upstate New York's...
03/17/201707:15:00Yahoo's Marissa Mayer Gets Reprieve From Hacking Criticism
03/16/201709:07:03Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/15/201714:41:18Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/15/201714:00:00Verizon And CBS Corporation Announce Multiyear Content Carriage...

Verizon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US