Stephen Colbert offers his hilarious take on a recent National Labor Relations Board ruling.
Verizon?s second quarter revenue will fall by $343 million, according to Wells Fargo estimates. The bank?s estimate comes after Verizon reported new FiOS installations plummeted during the workers? strike.
The Verizon workers? strike is delaying Verizon?s acquisition of XO Communications? fiber network, a $1.8 billion dollar deal announced in February. This is the most recent harm Verizon?s leadership has caused the company by refusing to negotiate and settle a fair contract.
Secretary Perez met at the US Labor Department with Lowell McAdam, chairman and CEO of Verizon; Chris Shelton, president of CWA; and Lonnie Stephenson, president of IBEW. The parties agreed to return to the bargaining table on Tuesday to continue their discussion.
A CWA delegation exposed Verizon?s attempts to deceive the public on the extent of its offshoring exposed and sought a meeting with Verizon management in the Philippines. They were confronted by heavily armed Verizon security.

T-Mobile's at it again. Workers have been trying for years to organize a their own union, but T-Mobile has blocked their efforts repeatedly by breaking labor laws. Now the company has come up with another illegal strategy.

As the Verizon strike enters its third week, basic safety practices aren?t being followed as unqualified managers and contractors hang cables, place poles and operate heavy equipment throughout the Verizon footprint.
Verizon shares are down 4 percent to $49.68 and the company warned that the ongoing strike by CWA and IBEW members could damage second quarter earnings.
Verizon made $39 billion in profits over the last three years ? and $1.8 billion a month in profits over the first three months of 2016 ? but the company is still insisting on givebacks that would devastate jobs.