NEW YORK CITY (dpa-AFX) - Members of the Communications Workers of America and Members of the International Brotherhood of Electrical Workers ratified a four-year agreement with Verizon Communications Inc. (VZ).
The contract includes an 8.2 percent compounded wage increase over the next three years, and additional cash payments. Under the new contact, CWA members who were fired by Verizon during the August 2011 strike will return to work.
The CWA contract will cover about 35,000 union members from Virginia to New England. The IBEW represents about 10,000 Verizon workers.
The union said that the contract had expired in August 2011. A two-week strike, an active member mobilization and support campaign by progressive allies, and final intensive negotiations under the auspices of the Federal Mediation and Conciliation Service brought about this settlement. The new contract expires August 2015.
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