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 Agree to Federal Mediation

Verizon Communications Inc. (VZ) and two labor unions have agreed to federal mediation as they attempt to reach a contract covering about 45,000 wireline workers at the telecom heavyweight. The move comes after almost a year of unsuccessful talks and volatile public statements from the parties. Last week, Verizon rejected the union's request to take the talks to mediation and instead insisted that the issues could be solved at the bargaining table. The Communications Workers of America and the International Brotherhood of Electrical Workers represent workers in Verizon's wireline division from New England to Virginia. Under the agreement, the future negotiations will be conducted under the Federal Mediation and Conciliation Service, an independent government agency. The talks will occur under Agency Director George Cohen and Director of Mediation Services John Pinto, beginning on Wednesday in Washington, D.C. The company, the unions and agency have all agreed to not make public comments on the schedule or status of talks "until further notice," according to an FMCS statement. A Verizon spokesman declined to comment, citing that agreement. A CWA spokeswoman also declined to comment. The workers involved have been working under their previous contract since last August, when the company's pursuit of benefit cuts led to a 15-day strike. The company is seeking concessions on pensions, health care and job security. It has said such moves are needed to offset declining sales in its traditional wireline business. 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. -Write to Thomas Gryta at thomas.gryta@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Verizon (VZ)
DateTimeHeadline
04/20/201406:17:33MARKET SNAPSHOT: Long View On Stocks Is Best During Weak Earnings...
04/15/201422:10:16FCC to Set Aside Spectrum for Smaller Wireless Carriers
04/07/201408:15:28Cincinnati Bell to Sell Wireless Spectrum Licenses to Verizon...
03/28/201418:55:16Sally Beauty Says More Credit Card Records May Have Been Stolen
03/27/201414:30:09Obama Unveils Proposed NSA Phone Data Revamp
03/27/201414:15:36Obama Unveils Proposed NSA Phone Data Revamp -- Update
03/20/201419:47:32Netflix Chief Still Wants Free Web Connections with Broadband...
03/17/201423:00:14Verizon Prices $8.2 Billion in Debt
03/17/201421:51:51Verizon Prices $8.2 Billion in Debt -- Update
03/17/201409:37:33U.S. Hot Stocks: Hot Stocks to Watch
03/17/201407:18:54Sally Beauty Believes Customer Data May Have Been Stolen
03/10/201416:39:49BOND REPORT: Treasury Prices Inch Up Ahead Of Debt Supply
03/10/201413:49:32BOND REPORT: Treasury Prices Swing Higher Ahead Of Debt Supply
03/10/201412:50:09Verizon in the Market Again With Large Bond Sale
03/08/201414:35:31AT&T Again to Trim U.S. Wireless Prices
03/07/201418:21:06Verizon to Buy Back Up to 100 Million Shares
03/07/201415:17:06Government Extends HealthCare.gov Contract for Verizon's Terremark...
03/03/201418:36:18U.S. Sues Sprint, Alleging It Overbilled Law Enforcement for...
02/28/201418:10:09Regulators Probe How Banks Divvied Up Bonds
02/28/201417:44:41Regulators Are Probing How Goldman, Citi and Others Divvied Up...

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad