“We believe this contract extension is good for both Verizon and our employees and will allow us to continue to focus on our customers without having to divert attention from collective agreements that expire in 2019,” Verizon Chief Executive Marc Reed said in a statement to employees. The new Wireline agreements provide for annual wage increases of 2.5 percent in 2020, 2.5 percent in 2021, 2.75 percent in 2022 and 3 percent in 2023, Reed said. The 2016 contract already foresees a 2.5 percent increase in 2019, he said. “This agreement guarantees thousands of Verizon workers a better future and good jobs to support the family,” said Dennis Trainor, vice president of CWA District 1. “Since the end of the strike in 2016, we have seen a marked improvement in relations between CWA and Verizon, and this agreement reflects the more constructive relationship that has developed since then.” Separate agreements have been ratified for 40 Verizon wireless retail employees in Brooklyn and 7 employees in Hazleton, Pa., who voted in favor of joining CWA last month. The Brooklyn agreement provides a $900 signing bonus for Brooklyn Wireless employees, creates a first floor for the wage pool, creates a new laboratory management committee to improve the schedule and strengthens the claims process. In addition, approximately 90 Verizon wireless technicians receive wage increases of 11.2% during the duration of the extension and have improved language regarding seniority transfers. Verizon has reached a preliminary agreement with the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) for an ongoing contract extension for more than 34,000 workers for four years. The contract is extended until August 5, 2023.
By mutual agreement, negotiations on the renewal of the contract were limited to salaries and benefits and the duration of the new agreement. Profits for Verizon workers come amid a wave of workers` actions to raise wages, improve working conditions and hold companies to account. Like the successful teacher strikes this spring, Verizon is ready to come to the table and accept this treaty, further proof of the power of workers who are sticking together. The contract expired in August 2019 and includes call centre staff, as well as head office and foreign service employees represented by the unions. By mutual agreement, negotiations on the renewal of the contract were limited to salaries and benefits as well as the duration of the new agreement, according to the CWA. “The agreements include increases in health insurance premiums, deductibles and non-bag caps that match those of 2016 contracts and our general health sector cost management practices,” he said. “In 2019, 2020 and 2021, workers eligible to participate in traditional retirement will also benefit from a 1% increase in the pension plan, while they will be recruited after October.