The 45,000 striking Verizon workers, represented by the Communications Workers of America (CWA) and the Electrical Workers (IBEW), will return to work Tuesday under the existing contract as bargaining resumes.
The CWA and IBEW announced:
We have reached agreement with Verizon on how bargaining will proceed and how it will be restructured. The major issues remain to be discussed, but overall, issues now are focused and narrowed.
We appreciate the unity of our members and the support of so many in the greater community. Now we will focus on bargaining fairly and moving forward.
Verizon, which amassed more than $20 billion in profits in recent years and paid its top five executives more than $258 million in the past four years, forced workers in Northeast states into a strike by demanding $1 billion in concessions. Seen as an attack on middle-class jobs and workers, the move prompted massive shows of support by working families across the country.