Verizon, Union Face Contract Deadline Today.


* Sides seen far apart: union

* Talks hinge on healthcare costs, pension work rules

* Workers voted to authorize a strike

* Analyst calls Verizon proposals “aggressive”

NEW YORK, Aug 5 (Reuters) – Verizon Communications Inc (VZ.N) and unions representing 45,000 of its workers were far from reaching an agreement for a new labor contract on Friday, the day before their current contract expires.

If they do not agree on a contract by midnight on Saturday night, employees belonging to the Communications Workers of America and International Brotherhood of Electrical Workers could go on strike for the first time in more than a decade.  Read more by Sinead Carew here.

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Posted on August 6, 2011, in Labor Relations and tagged , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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