Verizon’s plans to cut costs by controlling healthcare and pension-related benefits over a three-year period are at the center of union negotiations.
The company on Friday asked the unions to work with it to make changes to its healthcare and pension benefits, ones that it says would help compete better in the market.
Verizon said in June it offered salary hikes to 38,000 employees in its East wireline business after its first negotiating session with representatives of the two unions.
The company said on Friday union leaders responded to its June offer with a series of proposals that did “virtually nothing” for the progress of negotiations.
(Reporting by Anya George Tharakan, Devika Krishna Kumar in Bengaluru and Malathi Nayak in New York- Editing by Sriraj Kalluvila)
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