Verizon Extends Union Contract, Avoiding Possibly Tough Labor Talks Next Year
Verizon has agreed to extend a 2016 contract for some 34,000 employees for another four years. The Communications Workers of America and the International Brotherhood of Electrical Workers agreed to pay raises totaling 11% over the four year contract extension. The original contract was settled in 2016 following a seven-week strike. Both sides were able to avoid the possibility of similarly contentious negotiations next year by extending the contract.
See "Verizon Extends Union Contract, Avoiding Possibly Tough Labor Talks Next Year", Aaron Pressman, Fortune, July 20, 2018