Verizon saw its FiOS revenue grow in the second quarter, but the work stoppage due to a two-month wireline workforce strike took its toll, resulting in the loss of 13,000 internet subscribers during the quarter.
AT&T and the International Brotherhood of Electrical Workers (IBEW) have worked out two tentative agreements covering DirecTV employees in 14 states.
OFS, a provider of fiber cables and products for the telecom industry, and the Communications Workers of America (CWA) union recently reached a new labor contract agreement.
The Communications Workers of America union, which represents wireline employees for telcos including AT&T and Verizon, gave mixed reviews to the FCC's newly adopted Tech Transitions Order, which includes action to streamline telecom providers' requests to discontinue legacy voice services.
AT&T and the Communications Workers of America (CWA) have begun the negotiation process for a new contract covering 2,000 of the telco's internet workers nationwide.
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.