At least one of he major issues between the Communications Workers of America Union and Verizon is the company’s shipping of call center jobs to India.
Lowell McAdam, CEO at Verizon has come under fire from Bernie Sanders for corporate responsibility, As McAdam points out – the company, unlike others does pay taxes, and does invest in America –
His first accusation – that Verizon doesn’t pay its fair share of taxes – is just plain wrong. As our financial statements clearly show, we’ve paid more than $15.6 billion in taxes over the last two years – that’s a 35% tax rate in 2015, for anyone who’s counting. We’ve laid out the facts repeatedly and did so again yesterday (see “Sen. Sanders needs to get his facts straight” at Verizon.com/about/news). The senator has started to fudge his language – talking of taxes not paid in some unspecified “given year” – but that doesn’t make his contention any less false.
Sen. Sanders also claims that Verizon doesn’t use its profits to benefit America. Again, a look at the facts says otherwise. In the last two years, Verizon has invested some $35 billion in infrastructure — virtually all of it in the U.S. — and paid out more than $16 billion in dividends to the millions of average Americans who invest in our stock. In Sanders’s home state of Vermont alone, Verizon has invested more than $16 million in plant and equipment and pays close to $42 million a year to vendors and suppliers, many of them small and medium-sized businesses. Just yesterday, we announced a $300 million investment to bring fiber to the city of Boston, which will make it one of the most technologically advanced cities in the nation and expand broadband access for its residents. Boston’s Mayor Walsh is partnering with us on this initiative, calling it crucial for providing the foundation for future technology growth. We’re making significant investments in New York City, Philadelphia and other metro areas throughout our wireline footprint.
Verizon is one of the top 3 capital investors in all corporate America.
True. But missing the fact that the reassembly of “Ma Bell” into a three headed monopoly on both wired and wireless services hasn’t done the county much good in terms of stimulating development of new technologies and specifically in the area of development of new businesses. That isn’t all Verizon’s doing. They have had a lot of help with that from techno-ignorant clowns on the Hill, and a compliant FCC.
Despite the worst efforts of the conservative Reich – at least one union still survives in the US.
And yes, BTx3 is a former member.
Bernie shakes hands with the Picket Line
Nearly 40,000 workers at Verizon have gone on strike, objecting to, among other things, outsourcing and temporary location transfers.
The two unions representing Verizon workers say their employees have been without a contract since August. They call the walkout, which began at 6 a.m. ET Wednesday, “by far the largest work stoppage in the country in recent years.”
NPR’s Joel Rose tells our Newscast unit:
“The striking employees mostly work in Verizon’s wireline business — landline phone, video and Internet — on the East Coast.
“The company says it’s offering a 6 percent raise, but needs to make what it calls ‘critical changes to its legacy contracts’ to reduce health care costs and retirement benefits.”
The unions — the Communications Workers of America and the International Brotherhood of Electrical Workers — say Verizon has made billions in profits, while still looking to spend less on employee benefits, Joel says.
Other objections from the union include offshoring of jobs, increasing use of contract workers and Verizon’s request for the ability to give workers two-month assignments that would require relocating — what the unions call “family-busting transfers.”
Verizon, which accuses union leaders of “ignoring today’s digital realities,” said Wednesday that it had indicated a willingness to enter into mediation if the unions extended their strike deadline, but that the unions refused.
The telecom giant says it is ready to serve customers during the walkout; a strike readiness team has been preparing for more than a year, the company said in a statement.
Thousands of nonunion employees have been trained as fill-ins, and they will be reassigning employees from elsewhere in the U.S. and other units in the company.