Union and Verizon are already talking extensions. This would be great as it gives the market time to bounce. Leaving right now is too expensive, look at the beating 401k and pension are taking… many who paused last offer are having regrets, and they’re justified regrets. Have to assume there won’t be any more offers as There’s no reason for there to be. On the other side, they’re looking to close as many stores as possible, so a lot of people off payroll by 2023 anyway. Pretty sure the contract will be extended, possibly even improved, one last time. Would be shocked if it wasn’t.
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Why do the news articles fail to mention that Verizon laid off all of their contractors in 2022 before the holidays impacting their lives too. Not just full time workers. Also, union or not, you are all replaceable. Verizon will replace you with a contractor who will do the same work for cheap, no benefits, no PTO, no bonuses, no stock, no 401k. Going on strike does nothing when you have contractors eager to work and take your jobs.
It was nice getting that up to speed email with a few bullet points during the last strike so long ago. They should have cancelled it after the strike was over and it became whatever it is now.
It will be fun to watch the Up To Speed team on strike assignments in NYC or Philly.
Tell me about it, can't do without those flaggers!
The reality is our modern day work force can't cover the bare minimum required strike assignment positions. Verizon will have to pay exorbitant rates for third party replacement workers and they will need more of them than ever before. It's in the companies best interest to settle long before the current contract ends.
Honestly, I know our team is not ready to deploy for another tour of Union strike coverage. If they do walk-off, they will cripple big red and it won't be pretty for anyone. Except for those on deployment getting those extra thick checks.
2016 was miserable but hey ill have my 75 points for 2023 will I guit before ir after the stike no one knows. 75 points Doesnt mean anything because non union employees dont have any real retiree benefits and it is insulting when HR goes through them like they mean anything at all. Oh my 25% off my inflated wireless bill as a retiree golly gee I better stay till then maybe I can use the savings to pay for an hour of retiree healthcare. Thanks for explaining how you seperate out the retirees into their own bucket to explain the price it helps drive in the kn--e.
The company better avoid a strike because there will not be enough resources (employees without restrictions, temps, outsource contracts) to cover all the strike assignments needed.
Unions are needed for checks and balances against executive management.
Please strike again, I had a great time in 2016! The union doesn't have the employees best interest at heart. They could have gotten better but they just keep extending. CWA and IBEW lawyers just want your money to keep padding their wallets and to extend your agreements every 4 years. Y'all do you, though...... I loved my OT paychecks. Also, respect to the on the ground guys, yall work real f ING hard. F the union - power the people. What would it take to change unions? Maybe us corp peeps should find one.
I'd love nothing more than another strike right now..... I miss that OT cash flow .... Do wish the union would do better for their employees than to keep settling and extending.
I would be shocked if there was an extension. The end of road is almost here for the old Telco Union dregs.
The 401K plans as designed were supposed to be a "supplement" to a pension, not a replacement for a pension. But once companies became legally allowed to under fund their pensions because of perceived exceptional market returns - well, we know what happened to the pensions when the markets melted down after the tech bubble burst of 2000...
Companies new pension benefits are Social Security and Medicare. True.
This original statement is 50% true. 401k is taking a beating, pension isn't. Gatt rate is 2.25% now, higher it goes worse it is for us, and it's going to rise.
Hans needs some love from someone right now looking good for an extension before he gets the boot