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Regional Bargaining Report #2, June 23, 2015

In response to Verizon’s opening day bargaining position, Vice President Dennis Trainor said claims about the pay increases they put on the bargaining table yesterday are simply a smokescreen designed to hide the harsh reality of their concessionary demands; deep cuts to pension benefits, skyrocketing increases in medical costs , and the complete elimination of job security.

Despite $9.6 billion in profits in 2014 and $44 million in compensation to their top five executives, Verizon wants to eliminate middle-class jobs and let customer service deteriorate. Their proposals would slash thousands of jobs and leave our remaining members with a diminished standard of living at the end of any new contract.”

There was no formal bargaining session today at the Regional table. The Union bargaining committee spent most of today reviewing the company’s proposal from yesterday’s session.