Verizon and Union Reach Labor Agreement

Verizon Communications Inc. and the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) reached an agreement on new, three-year contracts for about 43,000 East wireline associates.  The deal will be submitted to union members for a vote.

"We believe this is a fair and balanced agreement that is good for our employees as well as for the future of the Wireline business," said Marc Reed, Verizon's chief administrative officer. "It provides competitive wages, valuable benefits and affordable quality health care while giving the company new flexibility to better serve customers and become more efficient."

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