April 26, 2016
By Neal Tepel
New York, NY – Verizon is continuing its union busting strategy as it moves to outsource jobs. Over 40,000 communication workers are striking against the telecommunications giant while Verizon is demanding massive concessions from the workers and union.
Besides drastic cuts to health care and pensions, the company is insisting on contract changes that would lead to the loss of thousands of jobs. Verizon is demanding that it be allowed to relocate call centers and staff with non-union workers. It wants to arbitrarily reassign employees up to 100 miles – at any time. Verizon's goal is to eliminate thousands of jobs and turn those who are still employed by the company into a non-union work force. Its clear that the company wants the ability to outsource many jobs overseas.
As one of the world’s largest telecommunications companies, Verizon is valued at over $300 billion with record profits. Last year, the company made nearly $18 billion on $130 billion in revenue. Since the beginning of this year, the company has reported $1.8 billion in profits per month. Since the founding of Verizon in 2001, the company cut 48,000 jobs, or over 55 percent of the workforce.