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VZ-East Bargaining Updates |
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August 10: Agreement reached!
Mobilization photos & videos | Unity@Verizon newsletters | News coverage |
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We Did It!
Just hours ago, the bargaining committees reached an agreement in principle with Verizon. The unprecented level of education, engagement, and mobilization of the united CWA and IBEW members brought us this contract in a very tough economic and political environment.
For a summary of the agreement's terms, read We Did It!
We made progress on all of our key objectives:
| Break down the wall between the core and Verizon Business |
- Union recognition for 600 Field Techs and inside techs
- Guarantee small and medium business exclusively for represented commercial
- Bring new VZ B work to CWA-represented locations 100 at end of 2009 and 100 at end of 2010
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| Fair wage increase that protects our standard of living in a time of escalating food and fuel costs |
- 10.87% compounded increase
- COLA increase
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| 100% company-paid health care premiums |
- 100% company-paid premiums continue for actives and current retirees
- Future hires will have a defined contribution formula for retirement health care
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Increase pension bands |
- 10.87% compounded increase
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Creating more permanent, quality union jobs |
- 2,500 new union jobs (including VZB techs)
- Approx. 75 video headend techs
- Approx. 1,200 temps and terms converted to permament employees
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Settle VZ Wireless, VCS, GNI contracts |
- Fair settlements achieved at all tables
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More detailed information on the settlement and the ratification vote will be provided by your local. |
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