Unusual labor pact for Nynex; 3-year deal signed before accord ends; pay to increase 13%
Article Abstract:
NYNEX Corp reaches a mid-contract labor accord, negotiated 11 months before the old contract is to expire, in an attempt to avert a strike reminiscent of the four-month strike in 1989. The new accord with the Communications Workers of America and the International Brotherhood of Electrical Workers gives 13 percent pay increases over three years and is designed to be a model for other 'Baby Bell' companies whose labor contracts expire in 1992. Despite the accord, slow revenue growth during the recession is forcing NYNEX to reduce its white-collar work force by five percent, or 32,000 managers, through voluntary transfers, retirements and possibly layoffs. The new labor contract, which will cost NYNEX $240 million, preserves health benefits that were disputed in 1989, gives pension enhancements and may provide the 57,000 telephone technicians and workers a cost-of-living adjustment in 1994 if inflation cumulatively exceeds nine percent for two years.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1991
User Contributions:
Comment about this article or add new information about this topic:
39,500 more telephone workers strike
Article Abstract:
Employees of Ameritech join other telephone workers across the nation by going on strike against the regional Bell holding companies. Ameritech and its subsidiaries serve 12.3 million customers in five states. Negotiations among the telephone companies and the Communications Workers of America and the International Brotherhood of Electrical Workers have collapsed in twenty states in the Midwest, but tentative agreements have adverted a walkout in 14 Western states. Health care is the major issue in the negotiations. The telephone companies want the employees to assume a greater share of the costs.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
User Contributions:
Comment about this article or add new information about this topic:
Past Looms Large as Verizon Prepares for a Strike
Article Abstract:
Verizon Communications Inc. is carefully preparing for a possible strike by its unions, International Brotherhood of Electrical Workers and Communications Workers of America, by paying attention to what went wrong during the 2000 strike.? The strike, which will effect Washington D.C., New England and the Middle Atlantic States, is in response to the expiration of a three-year labor contract.? Verizon is planning staffing to prevent 2000's lapses in service, vandalism and raucous union demonstrations.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Doman reaches new deals with unsecured creditors: Founder to retain token stake in firm. VisuaLabs scientist alleged to have tricked shareholders
- Abstracts: Car rental industry girds for cutbacks. Border study calls for new crossing. Algoma resolves hedge fund fight
- Abstracts: Rollover rules expected for SUVs. Child-seat maker Britex, a leader in safety, to expand
- Abstracts: F.C.C. chief to resign a day before Clinton inauguration. Checking your watch for messages, too. Patrick leaving a legacy of a free-market F.C.C
- Abstracts: At last, Lotus ships 1-2-3 for Windows; some customers will be happy, but others may look at rival products. Sorting out Lotus's new 1-2-3's