"Workers
are sticking together and standing up for their families and to protect all
middle class jobs against excess corporate greed."
Verizon workers kept up coordinated marches, rallies, and picket lines up and down the East Coast this week. (Photo: Reuters) |
Verizon
workers entered day three of their massive strike against the telecommunications giant
on Friday, as job negotiations reportedly continued to fall short.
As workers kept
up coordinated marches, rallies, and picket lines up and
down the East Coast, support for their actions kept growing and Verizon's stock dropped four
percent since last week as "concerns over the strike's impact started
becoming more real,"InvestorPlace wrote.
From the ground,
the workers said they had been waiting for more than 10 months for Verizon CEO
Lowell McAdam to address their needs. Unions "are ready and eager to get
back to the bargaining table if Verizon executives are ready to get serious
about negotiations," they said in a statement.
"Until then, Verizon
workers are sticking together and standing up for their families and to protect
all middle class jobs against excess corporate greed."
The strike also
comes at a pivotal moment as economic inequality takes the stage in mainstream
discourse. Writing at The New Republic on Friday, journalist David Dayen
notes, "The Verizon case incorporates big themes in the
economy—outsourcing, monopolies, automation, and inequality, to name a
few."
[The strike] reflects the gradual thinning out of good-paying, middle-class U.S. jobs. And in this election year, it forces politicians to choose—not just between labor and management, but between a future of shared prosperity for workers and one in which a lot of low-paid service employees cater to the bidding of the ultra-rich.
That includes
politicians such as Bernie Sanders and Hillary Clinton, both of whom joined the
workers' picket line in New York ahead of their debate on
Thursday. But McAdam reserved all his vitriol for Sanders alone, writing in a LinkedIn
post that the Vermont senator's "uninformed views are, in a word,
contemptible," a charge that was echoed by General Electric CEO Jeffrey
Immelt.
Sanders
responded by tweeting, "I don't want the support of
McAdam, Immelt and their friends in the billionaire class. I welcome their
contempt."
He followed that
up with an explicit demand during the debate for McAdam to negotiate with
Verizon workers, telling moderator Wolf Blitzer, "This gentleman makes $18
million a year in salary.... This gentleman is now negotiating to take away
health care benefits of Verizon workers, outsource call center jobs to the
Philippines, and trying to create a situation where workers will lose their
jobs. He is not investing in the way he should in inner cities in
America."
As McAdam held
out, union officials refused to back down.
"Verizon
workers and customers are extremely frustrated that company executives are not
more serious about bargaining," said Ed Mooney, vice president of
Communications Workers of America (CWA) local 2-13. "Today, CWA and IBEW
[International Brotherhood of Electrical Workers] met with Verizon to discuss
the contract covering workers in Pennsylvania, New Jersey, Delaware, Maryland,
D.C., Virginia, and West Virginia, but after 30 minutes and more demands to
devastate workers' jobs, company executives left for the weekend."
"Workers
already have put hundreds of millions of dollars in healthcare cost savings at
the table," Mooney said. "We simply cannot compromise on contract
changes that would ship more work overseas and have our families separated for
months at a time."