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Verizon accepts over 10% wage increase to stop the strike

1007434The US telecom operator Verizon has agreed to increase by 10.5% in three years the salaries of about 36,000 of its employees to end a strike that lasted for a month and a half, he announced Monday.

A tentative agreement between Verizon and unions on a new collective agreement was announced Friday, after fifteen days of negotiations under the auspices of the Ministry of Labour, but no details were disclosed then.

According to information provided Monday by Verizon, salary increases will be spread over the term of the new collective agreement, which expires in early August 2019. The first increase will occur upon ratification of the agreement by members of the CWA and unions IBEW.

Verizon has also pledged to hire 1,400 people during this period. According to the CWA, most of the stations (1300) will be to strengthen the group’s call centers.

The agreement will allow the return to work Wednesday of thousands of network technicians and those responsible for customer relationships that have stopped work since mid-April on the US East Coast.

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