Verizon Misses Deadline for Union Contract, but No Strike for Now
August 02 2015 - 12:53AM
Dow Jones News
By Ryan Knutson
Verizon Communications Inc. missed its midnight deadline to
secure a deal with more than 37,000 union employees in nine states,
but the unions said employees will keep working without a contract
while talks continue.
Verizon's two largest unions, the Communications Workers of
America and the International Brotherhood of Electrical Workers,
went on a two-week strike the last time the sides negotiated a new
contract, in 2011.
Verizon is looking to reduce retirement benefits and wants
employees to shoulder more health-care costs. The unions want added
benefits in those areas as well as job security provisions.
The unions only cover the company's wireline technicians and
wireline call center staff.
Write to Ryan Knutson at ryan.knutson@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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