Unions’ Decline Shows as Wall Street Shrugs Over Telecom Talks
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More than 60,000 wireline employees of AT&T Inc. and Verizon Communications Inc. are now working without contracts as talks between management and the unions remain deadlocked.
Yet investors and analysts are paying less attention to the labor disputes than they once did, a testament to the shrinking importance of the landline businesses -- where most of unionized employees work.