The Verizon Company, and two unions say they have new contracts, avoiding a Monday morning strike by 65,000 workers. The three-year contracts are subject to union ratification.
Verizon says the contracts include wage increases totaling 10.5 percent over three years. The three-year deal expands health care coverage and provides a wage increase to 65,000 workers from Virginia to Maine.
The Communications Workers of America and the International Brotherhood of Electrical Workers had threatened to strike Verizon Communications Inc. at 12:01 a.m. Monday if no agreements were reached. The unions say they’re pleased with the tentative contracts, which will be voted on by union members.
(Source: NY1 / WNBC / Fox)
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