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.