Verizon Agrees to Raise Pay in ‘Final Offer’ to Labor Unions
- Carrier proposes 7.5% wage increase over length of contract
- Union says company hasn't addressed job-security concerns
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Verizon Communications Inc. raised its wage proposal to 36,000 striking phone workers, offering a 7.5 percent increase over the length of the contract. The union said it remains concerned about job transfers.
The strike is in its 16th day, and more than 1,000 union-represented employees have returned to work, according to a statement from New York-based Verizon Thursday. The walkout by the Communications Workers of America and the International Brotherhood of Electrical Workers has had minimal effect on operations, the company said.