IBEW LOCAL 2325
IBEW LOCAL 2325
 

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Bargaining Report #9 7/9/15
Jul 09, 2015

Regional Bargaining Report # 9

July 9, 2015

IBEW NY/NE and CWA DISTRICT 1

IBEW New England and CWA District 1/IBEW Local 2213 Regional Bargaining Teams met with the Company today at the Rye Town Hilton in Rye, NY. We gave the Company numerous proposals centered around Pensions, Benefits, Tuition Assistance and more.

You may have or soon will be receiving an email from Marc Reed, Verizon’s Executive Vice President explaining to you the Company’s proposal to slash your retirement security.

It will state that you have two options:

  • Option A - Continue to participate in the pension plan but it freezes at 30 years and lose any company matching contributions to the 401(k) plan.

Or

  • Option B - Give up future pension accrual and participate in the 401 (k) with 100% match and possible profit sharing contributions up to 3% of salary.

What the e mail doesn’t say is the Union proposed:

  • Option C - Our proposals include pensions for all employees, higher pension amounts, to retain the lump sum cash out, and an improved 401 (k) plan for all employees.

While Verizon proposes to destroy your retirement security, it’s a safe bet that Marc Reed and the top executives of this corporation don’t have to worry about the size of their retirement portfolios.

Verizon should stop wasting their time writing lengthy e mails filled with propaganda and get serious at the bargaining table. Why would a corporation as wealthy as Verizon want to take away from their employees?

We could think of only one reason, and it rhymes with Reed- GREED!

Continue Informational Picketing and all other acts of Mobilization. Red on Thursdays and Black on Fridays. We are in this fight now. They want to destroy our benefits and continue to line their pockets. We will not let that happen. Stay strong, stay United and show them that we will fight for our future and our families.

Strike Authorization vote will continue at the Union Office in Worcester for another week. If you have not done so already then VOTE. Let your voice be heard and let Verizon know we are ready.

Fraternally,

Dave Keating

Business Manager


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IBEW local 2325
367 Burncoat St
Worcester, MA 01606
 

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