Comcast's second-quarter video and broadband subscriber number estimates got a slight bump from Jefferies analysts, who credited the increase in part to Verizon's now-resolved wireline worker strike with the CWA and IBEW unions.
AT&T employees represented by the Communications Workers of America (CWA) union have worked out grievance and unfair labor issues.
Verizon's wireline workers represented by the Communications Workers of America and the International Brotherhood of Electrical Workers voted to approve four-year contracts, officially ending a 45-day strike by about 40,000 workers.
Verizon and the around 36,000 CWA and IBEW workers were able to reach new terms and tentatively end the strike on May 30. But Jefferies analysts anticipate the new deal with union members could impact fiscal 2016 for the telecom giant.
Verizon just ended a long and painful labor conflict with the trade unions that represent its landline employees. The four-year labor deal gives the management team under CEO Lowell McAdam time to re-assess the situation and take action as the company undertakes the massive transformation from telecom company to wireless internet company. The dramatic nature of this transformation is demonstrated by the fact that Verizon's wireline business represents 29% of its topline revenues and only 7% of operating income.
Verizon's wireline workers represented by the Communications Workers of America and the International Brotherhood of Electrical Workers will return to work on Wednesday, June 1 after reaching a tentative agreement with the company on Friday.
Verizon and the Communications Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW) have come to a tentative agreement on a four-year labor contract, putting an end to a month long strike of the telco's nearly 40,000 wireline workers.
With about 39,000 Verizon workers represented by the CWA and IBEW still on strike across 10 states, the upcoming U.S. jobs report for May could take a downturn.
AT&T workers represented by the Communications Workers of America (CWA) union Local 9509 returned to the job after a week-long grievance strike with AT&T West.
As FierceTelecom reports, striking Verizon workers represented by the CWA and IBEW have been accused by the NLRB of harassing replacement workers at hotels in Massachusetts, New Hampshire and Rhode Island.