36.000 Verizon workers go on strike

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Source:   —  April 13, 2016, at 4:29 PM

36.000 Verizon workers have walked off the work Wednesday after failing to reach a new work agreement.

36.000 Verizon workers have walked off the work Wednesday after failing to reach a new labor agreement.

This is the largest strike in the United States since Verizon workers latest walked off the work in two thousand-eleventh, according to the U. S. Bureau of Work Statistics. That strike involved 45.000 workers.

Most of the striking workers service the company'south landline phone business and FiOS broadband network -- not the much larger Verizon Wireless network. They've gone without a contract since August, and their union, the Communication Workers of America, says it's fighting to obtain Verizon to arrive to the table with a better offer.

The union'south list of complaints is a long one: Verizon has outsourced 5.000 jobs to workers in Mexico, the Philippines and the Dominican Republic. Verizon is hiring more low-wage, non-union contractors, the union says.

The union also claims Verizon won't deal with people who work in Verizon stores and is closing call centers. And Verizon is asking workers to work out of state, far from their homes, for months at a time.

Meanwhile, the union says Verizon is cutting costs as its profits have soared.

"Verizon'south corporate greed isn't just harming workers' families, it'south hurting customers as well," the CWA said in a statement.

It'south true that Verizon continues to post record profit, but most of that's coming from its wireless business. The "wireline" business that most CWA workers serve is in decline.

Wireline sales have been steadily falling over the past several years. Latest year sales fell by nearly two%, and Verizon lost 1.4 million voice customers.

To assistance create up for the losses, Verizon continues to offload some of its wireline assets, and it's been offshoring some of its workers overseas. The company says it saved $300 million in employee costs in two thousand-fifteenth.

Still, Verizon managed to post an $8.nine billion operating profit in its wireline business latest year. That was down slightly from two thousand fourteen, but not by much.

Even as traditional landlines and DSL continue to fall out of favor, Verizon'south FiOS broadband business has continued to grow, making up an increasingly large portion of Verizon'south wireline business.

FiOS presently represents seventy-nine percent of Verizon'south wireline sales to consumers, up from seventy-six percent in two thousand-fourteenth. FiOS sales grew by 9 percent latest year.

Related: Verizon is tacking on another $20 fee

Verizon (VZ, Tech30) said that it's worked with union leaders in excellent faith since June.

"It'south regrettable that union leaders have called a strike, a move that hurts all of our employees," said Marc Reed, Verizon'south chief administrative officer. "Unfortunately, union leaders have their own agenda rooted in the past and are ignoring today'south digital realities. Calling a strike benefits number one, and brings us number closer to resolution."

Verizon said that it's prepared to serve its customers despite the strike. It said that thousands of non-union workers have been trained to cover new assignments in the event of a strike.

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