WASHINGTON, May 27, 2016 /PRNewswire/ -- Verizon, the
CWA and IBEW reached an "agreement in principle" on new contracts
today primarily for the company's wireline employees and a small
number of wireless employees in the Northeast. The agreements
were achieved under the auspices of U.S. Labor Secretary
Thomas Perez and assisted by the
director of the Federal Mediation and Conciliation Service,
Allison Beck. The following
statement should be attributed to Marc
Reed, Verizon's chief administrative officer:
"Verizon is very pleased with this 'agreement in
principle.' The agreement is consistent with our objective of
creating high quality American jobs and achieving meaningful
changes and enhancements to the contracts that will better enable
our wireline business unit to compete and succeed in the digital
world.
We also reached an 'agreement in principle' on contracts for
about 165 Verizon Wireless employees.
In the meantime, we look forward to having all of our employees
soon back at work in their regular positions and doing what they do
best – serving our customers."
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in
New York City, generated nearly
$132 billion in 2015 revenues.
Verizon operates America's most reliable wireless network, with
112.6 million retail connections nationwide. The company also
provides communications and entertainment services over America's
most advanced fiber-optic network, and delivers integrated business
solutions to customers worldwide.
VERIZON'S ONLINE NEWS CENTER: News releases, feature stories,
executive biographies and media contacts are available at Verizon's
online News Center at www.verizon.com/news/. News releases are also
available through an RSS feed. To subscribe, visit
www.verizon.com/about/rss-feeds/.
Media contact:
Rich Young
908-559-3477
richard.j.young@verizon.com
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SOURCE Verizon