The men and women in union who work at Verizon have worked hard to create better workplaces for themselves and those that follow.
Several years ago, Verizon got tax breaks and rate hikes in exchange for expanding FiOS, its high-speed Internet, phone and video connection, throughout the Northeast.
Yahoo stock popped as much as 2 last week on reports of a revised deal.
Verizon agreed to buy Yahoo's core Internet business in July.Verizon's vZ ) new price tag for buying Yahoo's core Internet assets.48 billion, all in cash.View AllMaleFemale, view All0-2 years3-5 years6-10 years11-15 johnnie walker black gift pack years15 years.Yhoo ) disclosures in recent months of two massive security breaches affecting more than one billion users.As you see the news about the strike playing out in the press or discussed in conversations in your town, here are five reasons to back the working people at Verizon in their negotiations with the telecommunications giant:.Last month, Yahoo told investors it expected the closing date to be delayed.Brian Wieser, an madewell coupon promo code analyst who covers Yahoo for Pivotal Research Group, had assumed Verizon would seek a 1 billion price cut as a result of the breaches - if the deal went through at all.Verizon employees contracts expired last August, and an overwhelming majority of CWA and ibew members voted then to authorize a strike in case labor and management fail to reach fair contracts."It's better for Verizon and Yahoo to put the standalone Yahoo business out of its misery and roll it into Verizon as soon as possible.".Verizon is also culpable of stashing money abroad to avoid paying income taxes.Verizon makes billions each year, yet they still expect people to do more with less.Verizon isnt just looking to cut costs by slashing benefits and eliminating jobs; one of Americas most successful businesses is also taking money from taxpayers.Sort directors view AllChairman and Chief Executive OfficerLead DirectorAudit Committee ChairCorporate Governance and Policy ChairFinance Committee ChairHuman Resources Committee Chair.Verizon and Yahoo have also agreed to split the cost of any legal liabilities resulting from the security breaches.
Verizon's goal was to use Yahoo's billion users to build an online advertising powerhouse to rival Google (.Essentially, its a tattletale app with the sole purpose of intimidating people from coming together in union at work."I've got an obligation to make sure we protect our shareholders and our investors Walden said at an event in October after the first breach was disclosed.In early trading Tuesday, Yahoo was.7; Verizon was up about.5.Googl ) and Facebook fB ).And on the other, they are systemically ignoring maintenance needs on their landline network, said Ed Mooney, vice president for CWA District 2-13, which covers Pennsylvania to Virginia.
On the one hand, Verizon refuses to build its high-speed FiOS network in lower income areas.
Ultimately, after a two-week strike and 16 months of escalating mobilization by working people and allies like Jobs With Justice, working people at Verizon successfully negotiated a sustainable contract and fought back the worst of the corporations demands.
From 2008 to 2013, Verizon received a tax refund of 732 million from the IRS, which resulted in a corporate income tax rate of minus two percent.