- Verizon (NYSE:VZ) has missed its midnight deadline to secure a deal with more than 37,000 of its wireline employees, but the unions representing them said they will keep working without a contract while talks continue.
- Since June, the two sides have argued over the company's plans to cut costs by controlling healthcare and pension-related benefits over a three-year period.
- A walkout is still on the table. Unions voted last week to go on strike, if needed, and a similar dispute ended in a two-week walkout back in 2011.
- Previously: Verizon, wireline unions show little progress on eve of deal expiration (Jul. 31 2015)
- Previously: Verizon workers threaten to strike (Jul. 26 2015)
Verizon misses contract deadline; no strike for now
Recommended For You
About VZ Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
VZ | - | - |
Verizon Communications Inc. |