May 30, 2016
Verizon workers end 44-day strike
After a 44-day labor dispute, Verizon has finally struck a tentative agreement with labor unions, US Labor Secretary Thomas Perez announced. Verizon workers have been striking after learning that the American telecommunications firm plans to outsource 5,000 jobs to the Philippines, Mexico, and the Dominican Republic. Perez said both parties have signed a new four-year contract, which should bring the 36,000 striking workers back on the job by next week. Verizon said it is pleased with the agreement in principle. The details of the agreement are set to be shared with the striking workers soon.