39,000 Verizon Workers Enter Sixth Week on Strike in Biggest U.S. Labor Action in Years
Today marks six weeks since nearly 40,000 Verizon workers went on strike along the East Coast, from Massachusetts to Virginia, marking one of the biggest U.S. strikes in years. The workers have been without a contract since August amid attempts by Verizon to cap pensions, cut benefits and outsource work to Mexico, the Philippines and the Dominican Republic. On Tuesday, Verizon CEO Lowell McAdam admitted the company’s second-quarter earnings may take a hit because the strike has resulted in the company falling behind on new internet and television installations. This comes as financial analysts are projecting the strike will cost Verizon $200 million in profits this year and a loss of $343 million in revenue in the second quarter alone. The Verizon strike is being organized by two unions: the Communications Workers of America and the International Brotherhood of Electrical Workers. We speak to Verizon worker Pamela Galpern and Bob Master, assistant to the vice president of Communications Workers of America.