- Verizon (NYSE:VZ) says the Communications Workers of America and International Brotherhood of Electrical Workers Unions ratified a new labor contract, which will take effect immediately and run through August 2019.
- The new contract, which covers ~36K employees primarily in VZ's wireline business, confirms the tentative deal reached last month that included 1,400 new jobs and pay raises topping 10%.
- Employees walked off the job on April 13 after contract talks hit an impasse and returned on June 1 after the tentative deal was reached.