Verizon workers are scheduled to return to their jobs Tuesday, after more than two weeks on strike. Some 45,000 union members left their posts August 7th, after contract negotiation between the Communications Workers of America (CWA), the International Brotherhood of Electrical Workers (IBEW) and the company came to a halt two days prior. A statement from the union said it had reached an agreement with Verizon, but that "The major issues remain to be discussed." The union's claim, among other things that Verizon demanded "cuts in compensation of $20,000 per worker per year." Full PR after the break.
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CWA, IBEW Reach Agreement on Bargaining with Verizon;
Members to Return to Work Tuesday, August 23

WASHINGTON--(BUSINESS WIRE)--Following is a statement by the Communications Workers of America and the International Brotherhood of Electrical Workers:

Members of CWA and IBEW at Verizon Communications will return to work on Tuesday, Aug. 23, at which time the contract will be back in force for an indefinite period.

We have reached agreement with Verizon on how bargaining will proceed and how it will be restructured. The major issues remain to be discussed, but overall, issues now are focused and narrowed.

We appreciate the unity of our members and the support of so many in the greater community. Now we will focus on bargaining fairly and moving forward.

CWA and IBEW represent 45,000 workers at Verizon covered by this contract from Virginia to New England.