Monday, August 8, 2011

18.1 million bonus to Verizon CEO, now wants workers to give up benefits

 Here is the link to the Washington Post story detailing the amazing salary and bonuses that was given to outgoing Verizon CEO Ivan Seidenberg. 
As of midnight on Saturday, 45,000 Verizon workers have gone on strike. The first thing I thought when I heard this news was, “Wow, these people are brave! With millions unemployed, and the economy once again slumping, they are risking everything to make their point.”

But looking at the story more closely, it looks like Verizon has been banking on that inherent risk to hold a Tea Party-esque line in negotiations. Verizon, whose CEO has raked in $81 million over the last few years, insists on the following terms:
Continued contracting out of work to low-wage contractors, which means more outsourcing of good jobs overseas.
Eliminating disability benefits for workers injured while on the job.
Elimination of all job security provisions.
Eliminating paid sick days for new hires and limiting them to no more than five for any workers.
Freezing pensions for current workers and eliminating them for future employees.
Replacing the current high-quality health care plan with a high-deductible plan requiring up to $6,800 in additional costs.
Sign the below petition to Verizon CEO Lowell McAdam
I stand in solidarity with the 45,000 workers who are on strike.

Over the last four years, Verizon has made $19 billion in profits while paying its top five executives $250 million in compensation and bonuses .

With middle-class families already struggling, it's time for Verizon to share its success with the hardworking Americans who made it possible. This is not a time for corporate greed.  It is time to do the right thing.

Verizon made dramatic concessionary demands to kick off bargaining and never moved.  Now you are refusing to bargain with the CWA & the IBEW

That's why 45,000 of your employees aren't at work, but will return once you agree to bargain fairly.

Please drop your unfair demands and return to the bargaining table to negotiate a new contract in good faith. 
Sign the petition to Verizon CEO Lowell McAdam
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