Wednesday, August 10, 2011
More 45,000 Verizon land line (and Fios) workers across the country have been on strike since Sunday. The workers say the company has asked for nearly 100 concessions including wage cuts and increased employee contributions to health care plans and pensions. The company has also proposed to freeze pensions for current employees and eliminate it for new hires.
Verizon says the landline business is slowing -- though Verizon overall is booming. Verizon's wireless division is non-unionized. Striking workers say they're trying to keep middle-class jobs, and are fighting a corporate effort to shoot the legs out from under the rank and file workers at a time when profits are rising and executives are making obscene sums of money.Verizon says the world is changing and the unions have to change, too.
More on the issues at Huffington Post and Bloomberg News.
Photo by MK Metz
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