You are hereCampaign For America's Future: Verizon's Workers Strike Back At Corporate Greed -- You Can Join Them!

Campaign For America's Future: Verizon's Workers Strike Back At Corporate Greed -- You Can Join Them!


-By Dave Johnson

August 10, 2011- The reason you see so many cellphone stores and ads everywhere is because wireless is a very lucrative business. Wireless companies are pulling in billions and their executives are raking in the bucks. But they are also squeezing their workers, their customers and our government.

Right now Verizon is greedily trying to put the squeeze on its workers, cutting pensions, sick pay, health insurance, even disability for employees injured on the job. If this story sounds all too familiar, this part won't: Their workers are fighting back with a strike! And you can join them! 

Consumed By Greed

The giant telecom company Verizon, currently raking in the billions ($6 billion in profits and a $10 billion dividend on $108 billion in revenue last year), while paying no taxes, is putting the squeeze on its workers, and they are fighting back. With all those profits, the company has been consumed by greed: Now Verizon is asking for $1 billion in concessions from its workers.

Kenneth Quinnell lays it out in Union Workers Stand Up to Extreme Demands from Verizon over at Crooks and Liars: 

More than 40,000 workers -- members of the Communications Workers of America and the International Brotherhood of Electrical Workers -- went on strike this week after Verizon refused to even begin to bargain fairly with the workers. The workers on strike include "telephone field technicians, call center workers and cable installers from Massachusetts to Virginia."

Verizon has canceled multiple bargaining sessions and refuses to back down from any of their original concession requests, something that flies in the face of the basic idea of negotiating. Workers say they are prepared to return to work as soon as management shows a willingness to sit down and work out a fair agreement.

How MUCH Greed?

Laura Clawson writes in, More than 45,000 Verizon workers strike, at Daily Kos Labor: 

Verizon's demands include:
• Continued contracting out of work to low-wage contractors, which means more outsourcing of good jobs overseas.
• Eliminating disability benefits for workers injured while on the job.
• Elimination of all job security provisions.
• Eliminating paid sick days for new hires and limiting them to no more than five for any workers.
• Freezing pensions for current workers and eliminating them for future employees.
• Replacing the current high-quality health care plan with a high-deductible plan requiring up to $6,800 in additional costs.

Meanwhile, Verizon is doing just fine:

• 2011 annualized revenues are $108 billion and annualized net profits are $6 billion.
• Verizon Wireless just paid its parent company and Vodaphone a $10 billion dividend.
• Verizon’s top five executives received compensation of $258 million over the past four years.

FULL STORY HERE:

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