Wednesday, April 13, 2016

Verizon Comments on Strike

In a press statement, Verizon said it remains committed to its negotiation objectives and seeks to bring negotiation to a closure after ten months at the bargaining table.

The company said 36,000 employees covered under these contracts currently have a wage and benefit package that averages more than $130,000 a year.  Over 99 percent of these employees support the wireline business which in 2015, contributed about 29 percent of Verizon's revenue but less than 7 percent of the company's operating income.

Verizon also said its wireline proposal offers a 6.5 percent wage increase over the term of the contract.

"We have trained thousands of non-union Verizon employees to carry out virtually every job function handled by our represented workforce – from making repairs on poles to responding to inquiries in our call centers.  We know the unions' strike order will be a hardship and pose challenges for our employees, but as a 24x7 customer service company, our contingency plans are in place and our company will continue to serve those who rely on us," stated Bob Mudge, president of Verizon's wireline network operations.

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