Verizon Gets Deal in Principle to End Landline Worker Strike
- New 4-year contract lets landline workers return to jobs
- U.S. Labor Secretary helped broker deal to end 44-day strike
This article is for subscribers only.
Verizon Communications Inc. and its two unions reached an agreement in principle on a new labor contract, the U.S. Labor Department said, paving the way for about 39,000 landline employees to return to work after a 44-day strike.
The parties are putting the four-year deal in writing, and union members should return to work next week, said Labor Secretary Thomas Perez in a statement. The agreement will extend to about 165 Verizon wireless employees, a first for workers on the mobile side of the business. Full terms of the agreement weren’t disclosed.