After a little over 11-months of bargaining, including 45-days on strike, CWA, IBEW and Verizon have finally reached a tentative agreement on the terms and conditions of employment for 39,000 bargaining unit members at Verizon. This agreement provides for the creation of additional jobs, keeps job security intact, addresses workplace overtime issues, increases in healthcare and provides for increases in wages and pensions.
This is a victory for working families across America. CWA and IBEW members stood in solidarity with union allies at picket lines in the rain, sun and snow. The mantra “One day longer, one day stronger,” was in the forefront of the minds of all of those that helped Verizon workers stand strong for 45 days. We showed what labor can accomplish when we stand together. The strength we exhibited resulted in Verizon’s promise to add 1,300 new east caost call center jobs, a $1250.00 signing bonus in the Mid Atlantic and a $1000.00 signing bonus plus a $250.00 healthcare reimbursement account in the Northeast, $2800.00 minimum in profit sharing, and a first contract for Verizon Wirelress retail store employees in Brooklyn, New York and Everett, Massachusetts.
In addition to these contract victories, Verizon withdrew some of its proposed cuts to employee benefits. All proposed reductions of pensions by Verizon were withdrawn, there will be three 1% increases in the defined benefit pensions over the life of the agreement. Verizon also withdrew proposed cuts in accident and disability benefits.
The success of this strike can be attributed to the unwavering strength we all exhibited over the past several months. The hard work of members, their families and union allies are the reason that IBEW and CWA members return to work today with a more secure future. As we move forward, we must remember what we can accomplish when we stand together. This won’t be the last time that wealthy corporate interests try to undermine the future and success of working families, and we will be ready to stand together again, united.
For more information on the tentative agreement click here.