Contract Agreement Reached a Year Early at Verizon
The tentative agreement will mean labor peace at the telecom giant through 2023
After spending 7 weeks on strike in 2016, we are happy to report that the Communications Workers of America (CWA) and Verizon have come to terms on a contract extension. If approved the deal will ensure at least five more years of labor peace between the union and the telecom giant. Below is the statement that was released by the CWA about the deal.
CWA, IBEW and Verizon have reached an agreement in principle to extend the collective bargaining agreements for a four-year period. The current agreements are set to expire on August 3, 2019. If finalized, the agreements will extend through August 5, 2023. The company and the unions are documenting the understanding in signed contracts and expect to have that completed this week, at which time we will communicate further details.
The contracts will be subject to ratification by union members. We will keep you posted.