Verizon Says It Has Reached Deal With Two Unions
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The telecommunications company Verizon says it has concluded negotiations with unions representing 65,000 workers and has new contracts. The three-year contracts are subject to union ratification.
Verizon says the contracts include wage increases totaling 10.5% over three years.
The Communications Workers of America and the International Brotherhood of Electrical Workers had threatened to strike Verizon Communications Inc. at 12:01 a.m. tomorrow if no agreements were reached.
