Verizon Execs Confirm Decline in Business as Strike Continues

Yesterday, Verizon’s CFO confirmed that business is suffering as the strike continues for the sixth week. On the same day, more than 800 strikers and supporters marched in the Capitol to draw attention to their fight to save middle class jobs. Municipalities are trying to end contracts with Verizon, members of Congress voice concern about offshoring, Philadelphia customers can’t get FiOS and customer complaints continue.

Tomorrow, the children of striking workers are joining the picket lines to call on Verizon to stop hurting their families.

Verizon CFO Fran Shammo yesterday confirmed a decline in sales,and Fortune reports potential customers are “flocking” to competitors due to the strike.

More than 800 strikers and supporters marched in front of the White House yesterday to speak out about Verizon’s attack on middle class jobs. CBS reports:

The striking employees say Verizon wants to send more jobs overseas and outsource other jobs to contractors.

“We need the whole world…to know. Cause guess what? If it happens to us…it will happen to everybody else,” Lakeshia Jefferson, a Verizon striker, said.

In Philadelphia, more than 500 city residents have submitted complaints that they have been unable to access Verizon’s FiOS services despite the company’s commitment to install high speed broadband in every neighborhood.
Philadelphia is investigating whether Verizon has failed to meet its build-out agreement and if the company is found to have violated its commitment, it “could have to pay up to $2.6 million in penalties.”

Municipalities across the East Coast are supporting striking workers by ending contracts with Verizon. In Babylon, NY, the Town Board voted unanimously to end contracts, where possible, with Verizon. Councils in Syracuse and New Paltz
are considering similar resolutions; and seven cities in Massachusetts have already passed them.

Voicing concern about offshoring, nearly 90 members of Congress released a joint statement calling on Verizon to settle a fair contract with striking workers:

We are troubled that the lack of a negotiated labor agreement could increase the likelihood that good jobs will be offshored to the Philippines, Mexico and other locations overseas or outsourced to low-wage, non-union domestic contractors. And we are concerned that Verizon wireless retail workers, whojoined the union back in 2014, still have not been able to negotiate improvements in their wages, benefits and working conditions.

It has been reported that Verizon’s highly skilled union workforce has declined by nearly 40 percent over the last decade. We are concerned that proposed changes in the new contract could continue that downward spiral.

And tomorrow, Saturday, May 21, hundreds of children will call on Verizon to keep their parents’ jobs in our communities. In more than 25 Family Day events from California to Massachusetts, children will join their parents’ picket lines and call on the company to save the good jobs that pay for their meals, clothes and other basic needs.

For a complete list of Family Day protests, go to: http://www.standuptoverizon.com/May21