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Posted at 09:43 AM ET, 08/18/2011

Verizon workers plan demonstration at CEO’s home

Verizon workers are planning a candlelight vigil at the home of Verizon CEO Lowell McAdams to mourn the “death” of jobs. (Julio Cortez - AP)
Striking Verizon workers have said they’re planning a demonstration at the home of Verizon CEO Lowell McAdams on Thursday night.

The New Jersey branch of the Communications Workers America are planning a candlelight vigil outside the executive’s home in Mendham, N.J., to mourn the “death of good, middle class jobs in New Jersey,” according to the union’s Web site.

Eleven days have passed since 45,000 Verizon workers walked off the job, and negotiations between the union and the company remain stalled.

At issue are health benefits and pensions for the company’s wireline workers. Verizon said that the decline in its landline business — caused by the growth of wireless services — is forcing it to ask workers to accept a pension freeze and to contribute more to their health-care premiums.

The CWA and the International Brotherhood of Electrical Workers, which represent the strikers, said that Verizon is asking for unreasonable concessions that will force thousands of workers from the middle-class.

The bitter disagreement between the two sides has turned ugly, and the company and the unions have accused each other of not taking negotiations seriously.

Related stories:

Verizon customers see outages as worker strike continues

Verizon strike update: If no deal, picketers will lose benefits Aug. 31

By  |  09:43 AM ET, 08/18/2011

Tags:  Verizon

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