Business & Tech
Verizon Announces Tentative Union Contract Settlement
But NJ IBEW union local website cautions there still is not a signed agreement in place.
Verizon Communications Inc. announced on Wednesday that a tentative agreement has been reached between the company and the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) on new, three-year contracts for about 43,000 East wireline associates.
The agreement is in the process of being signed, and must be presented to union members for a ratification vote, Verizon said.
Meanwhile, a communication on the New Jersey IBEW Local 827 website cautioned that union local has "problems" with signing an agreement until the resolution the firing of a former employee accused of strike-related misconduct last year. But the website also said ratification meetings will be scheduled in early October.
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The contract, reportedly to run through Aug. 1, 2015 if approved by the union membership, replaces an agreement that expired in Aug. 2011, prompting a strike, route: {:controller=>"articles", :action=>"show", :id=>"court-sets-more-rules-for-verizon-strikers"} --> last summer and
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