Verizon strike update revealed of recent developments and demands given by the union workers. Also, Verizon executives, management and the whole tech company is forecast to face trouble and possible demise for its operations.
It appears that the battle is not over as union workers' petition continues to rise. Along that line, the demands of the union workers are anticipated to weigh heavily for the company. In a post from Jobs & Hire, "At the meeting, held in Albuquerque for the first time, shareholders also rejected three union-backed proposals to name a board chair independent of Verizon's CEO and impose more control over compensation and severance payments for executives."
It emerges that the demand by the union workers is not gaining a solid footing and is being denied by the top executives of Verizon. And although the workers carried their dismay to the streets and protest, it does not imply that the workers are closing their doors, as noted by the same post.
NJ also reported on how the union workers want a major change to happen for the company and more improvements in the lives of its workers, particularly on the benefits and other incentives.
However, despite their grievances, the road to success is easier said than done. To prove the latter, striking Verizon employees have asked that a cap be placed on how much the company's executives are paid and about 250 of the workers, part of the company's 36,000 striking employees voiced out their complaints, according to the same post.
Moreover, Verizon rebutted by saying, "Our employees need to start asking union leaders why they continue to stage circus-like street rallies rather than engage in meaningful negotiations," spokesman Rich Young said in a statement emailed to NJ Advance Media. "Each day union leaders stage these pointless rallies are another day lost at the bargaining table and another day of lost wages for our employees."
