Verizon Reaches Deal With Labor Unions, Averts Possible Strike
NEW YORK, NY [DJ] — Verizon Communications Inc. (VZ) reached an agreement on a new contract covering 65,000 workers Sunday, averting a potentially crippling strike.
The New York telecommunications provider and the Communications Workers of America union, which represents 50,000 workers, struck an agreement after negotiating intensely over the last few weeks, according to a statement from the union. The new contract extends coverage to MCI workers at Verizon Business and converts temporary jobs to permanent ones.
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