40,000 Verizon employees go on strike in U.S.

40,000 Verizon employees go on strike in U.S.


Nearly 40,000 Verizon employees in nearly six American states have been reported to opt strike following a failure to yield any sort of settlement for contract negotiation.The unions organizing such an action represent network technicians and customer service (source: British Broadcasting Corporation).

INSIGHT: The reason behind strike: Union employees have been void of contract since August 2015. On a similar note, negotiations regarding cutting off healthcare alongside giving pension benefits to employees have not been concluded since three years of time-span.

“It’s regrettable that union leaders have called a strike, a move that hurts all of our employees.” – Verizon’s chief administrative officer.” Marc Reed

UPDATE: Verizon has asked the Federal Mediation and Conciliation Service to step in for a resolution to this specific case.

Bernie Sanders – one of the presidential candidates – had spoken high for *protestors in New York, saying that they are “standing up to this powerful special interest”.

(*Members of the Communications Workers of America and the International Brotherhood of Electrical Workers)

Upon this, Verizon termed the strike as ‘regrettable’ claiming it to have brought in 10,000 non-union employees.

“There’s no way that these 10,000 people can make up for 40,000 people who have decades of experience [in highly technical jobs].” – Communications Workers of America, Bob Master

The strike could affect Verizon’s television, phone and Fios Internet businesses. However Verizon wireless – that contributed in generating approximately 29% of 2015-Revenue -is less likely to get affected.

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I cover technology, utilities and biotechnology for Markets Morning, and I help out occasionally with other industry sectors. I’ve written about investment and personal finance topics for more than 20 years from a lowly copywriter to editor-in-chief, so I’ve done a little bit of everything. For what it’s worth, I have a BA from Duke University and an MBA from Rollins College. I’m married with one daughter, and that’s worth more than everything else put together.