Seeking Alpha

Unions representing East Coast Verizon (VZ) wireline workers have ratified new contracts that...

Unions representing East Coast Verizon (VZ) wireline workers have ratified new contracts that will last through Aug. 1, 2015. Verizon reached tentative deals for the contracts, which cover 43K employees, which feature an 8% pay hike from 2011-2015 and health benefit reductions, a month ago.
Comments (3)
  • WMARKW
    , contributor
    Comments (10275) | Send Message
     
    A pay hike? Wow.....that's quite an accomplishment these days !
    19 Oct 2012, 05:02 PM Reply Like
  • RSI Raistlin
    , contributor
    Comments (400) | Send Message
     
    and health benefit reductions.....sounds like a wash
    19 Oct 2012, 05:07 PM Reply Like
  • onlyapps
    , contributor
    Comments (71) | Send Message
     
    8% pay increase over 4 yrs is sub standard for low salaries and the thousands of dollars each employee will now pay for health care. verizon is profiting billions but it is not reflected in employee compensation nor what their customers pay for in product and service. Think Walmart.
    20 Oct 2012, 11:24 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|