Verizon Corp. has reached a tentative agreement on a new three-year contract with the Communications Workers of America (CWA) in the mid-Atlantic states, ending an 18-day strike in the region, the company announced Wednesday.
The settlement is substantively the same as the one agreed to on Aug. 20 by the International Brotherhood of Electrical Workers (IBEW) and the CWA in New York and New England, Verizon said in a statement.
The agreement with the CWA in the mid-Atlantic region covers more than 35,000 employees in Delaware, Maryland, Pennsylvania, New Jersey, Virginia, West Virginia and Washington, D.C.
Those employees will begin returning to work on Thursday. More than 50,000 other union-represented employees in New York and New England returned to work Monday.
With this agreement, all of Verizon's employees will be back at work, and the company can now focus all its resources on serving its customers, Lawrence Babbio, vice chairman and president, said in the statement.
Babbio described the agreement as affordable and prudent and said it will not affect Verizon's financial targets.
Verizon can be contacted at +1-212-395-0500 or online at http://www.verizon.com/.