Friday, July 15, 2011

Verizon asks for givebacks

We Party Patriots » Blog Archive » IBEW, CWA Protest As Verizon Demands Concessions From 45,000 Workers:
"As T-Mobile workers push to form a union and await the fate of the proposed AT&T/T-Mobile merger, their peers at rival Verizon face the prospect of making huge concessions to keep their jobs. 45,000 workers are being asked to tie pay to performance and to require union employees to pay a portion of their health plan premiums."
It should be noted that Verizon had net income of $3.3 Billion in the first quarter of 2011(pdf). That would be an INCREASE of 40% over the same period last year. I guess this is what Share The Pain means.

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