45,000 Verizon employees hit the picket line on Saturday August 6, 2011, as a result of the company aiming to take away their rights and benefits. During an interview with Ed Schultz on MSNBC (August 10) Larry Cohen, the President of Communications Workers of America (CWA) said that contrary to what Verizon is claiming, workers pay at least 7% of the costs to their benefits and that Verizon is trying to strip the workers of their rights. According to Cohen, Verizon moved some 25 million jobs to Asia and has been union busting for 15 years.
In addition to their profits lingering around $10 billion a year, Verizon's revenues hover around $100 billion, and yet they still want to reduce their workers' benefits to the tune of $1 billion. The reductions would entail benefits in the amount of $20,000 per employee.
Workers are striking to keep what they have - decent health care and pensions for instance. Cohen wants to know if Verizon will bargain or dictate.
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