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VZ Verizon Communications Inc

38.93
0.00 (0.00%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Verizon Communications Inc NYSE:VZ NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 38.93 39.195 38.75 39.02 13,195,567 00:59:44

Verizon, Unions Reach 'Agreement in Principle'

27/05/2016 7:19pm

Dow Jones News


Verizon Communications (NYSE:VZ)
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By Ryan Knutson 

Verizon Communications Inc. and its labor unions have reached an agreement in principle that would end a weekslong labor strike, the U.S. Labor Secretary Thomas Perez said.

Recent discussions between the two sides have resulted in a four-year contract that would resolve the dispute, Mr. Perez announced in a news release. The two sides are working to put the agreement in writing, and then it will be submitted to union members for ratification.

"I expect that workers will be back on the job next week," Mr. Perez said.

The strike, which began April 13, involves nearly 40,000 employees, primarily in Verizon's landline division.

Write to Ryan Knutson at ryan.knutson@wsj.com

 

(END) Dow Jones Newswires

May 27, 2016 14:04 ET (18:04 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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