About 40.000 Verizon wireline workers walk off the work

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Source:   —  April 13, 2016, at 4:16 PM

S. strikes in recent years after contract talks reached an impasse. The strike was called by the Communications Workers of America and the International Brotherhood of Electrical Workers - unions that jointly represent nearly 40.000 employees in Verizon'south wireline operations.

n">Verizon Communications Inc's () wireline employees walked off the work on Wednesday in one of the largest U. S. strikes in recent years after contract talks reached an impasse.

The strike was called by the Communications Workers of America and the International Brotherhood of Electrical Workers - unions that jointly represent nearly 40.000 employees in Verizon'south wireline operations.

The strike could affect the company'south Fios Internet, telephone and TV services in several U. S. E coast states including New York, MA and Virginia.

However, Verizon said it'd trained thousands of non-union employees over the past year to ensure there was number disruption in service.

Verizon and the unions, which represent employees from nine eastern states and Washington, D. C., have been in talks since latest June over the company'south plans to slice healthcare and pension-related benefits over a three-year period.

The workers have been working without a contract since the latest agreement expired in August. Issues still on the table comprise healthcare, offshoring call middle jobs, work rules and pensions.

The latest circular of contract negotiations in two thousand-eleventh also led to a strike. A new contract was reached two weeks later.

Verizon, the country'south biggest wireless carrier, said on Tuesday it was willing to go to mediation but hadn't heard back from the union on whether it would agree.

While the wireline unit represents Verizon'south heritage business, it generated about twenty-nine % of the company'south income in two thousand-fifteenth but less than seven % of operating income.

Verizon'south shares were slightly down at $51.63 in premarket trading on Wednesday.

(Reporting by Malathi Nayak and Rishika Sadam; Editing by Saumyadeb Chakrabarty)

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