It has been a little over two weeks since 45,000 Verizon wireline workers went on strike, but early Saturday morning, both sides agreed to continue bargaining on certain terms and union workers will now end the strike.
On August 7, 35,000 workers represented by the Communications Workers of America and 10,000 workers represented by The International Brotherhood of Electrical Workers, who all work for Verizon’s U.S. Northeast Wireline Unit, went on strike after Verizon decided to cut pensions, change work rules and make employees pay more for health care. Both sides were unable to reach an agreement by the time contracts expired.
Verizon was attempting to keep costs in check, since it has seen a decline in its wireline business over the past decade.
Read more: Verizon strike is over; Verizon, unions agree to continue bargaining