CWA, IBEW and Verizon have reached an agreement in principle to extend the collective bargaining agreement for a four-year period. The current agreements are set to expire on August 3, 2019. If finalized, the agreements will extend through August 5, 2023. The company and unions are documenting the understanding in signed contracts and expect to have that completed this week, at which time we will communicate further details. The contracts will be subject to ratification by the Union members. We will keep you posted.
Here is the latest update from July 3, 2018 In regards to Verizon Contract Extension:
As previously announced, CWA, IBEW and Verizon began meeting for a two-week period to attempt to negotiate the terms of a possible extension to the collective bargaining agreements that are set to expire in August 2019. We have agreed with the Company to extend the negotiations for a few additional days after the holiday. Meetings are expected to resume in the middle of next week. We will provide additional updates as appropriate.
