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Verizon's East Wireline Associates Ratify New 3-Year Agreements

NEW YORK, Oct. 19, 2012 /PRNewswire/ -- Union leaders from the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) notified Verizon today that union members have ratified the tentative agreement that was reached on Sept. 19. The new contracts, which cover about 43,000 East wireline associates, will run through Aug. 1, 2015.

"We're pleased that our associates ratified the agreement," said Marc Reed , Verizon's chief administrative officer.

The new contracts go into effect immediately, with certain provisions beginning in the fourth quarter of this year.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with nearly 96 million retail customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of 184,500. For more information, visit www.verizon.com.

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SOURCE Verizon