Verizon And The Biggest Strikes In US History.


About 45,000 Verizon (NYSE: VZ) workers have walked off the job after their contract expired and management and union failed to reach a deal. While 45,000 sounds impressive, it doesn’t come close to some of the biggest strikes in American history.

Tensions between labor and management often cause work stoppages known as strikes. Management has always wanted more work for as little pay as possible. Labor has always wanted what it considers fair compensation.

Read the Biggest Strikes in American History

The current Verizon strike takes place a few years after the company reached its apex in terms of market penetration and as its landline business began to slow. But labor strife has always been greatest just as industries have reached their peaks, enjoying great financial strength and employing large numbers of workers.

The earliest large strikes, although perhaps not the largest, were at textile companies that handled the finishing of cotton and other raw goods from the South. Most of these companies were based in the labor-heavy Northeast and Midwest.  Read more at 24/7 Wall St. here.

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Posted on August 10, 2011, in Labor Relations and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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