Looming Verizon Strike Could Affect Millions, Including Hedge Funds
As you may or may not know, August 6th marks the day that Verizon union workers have vowed to go on strike if a new contract is not agreed upon. This past weekend, nearly 15,000 union workers mobilized for a large rally outside the Verizon headquarters in New York City; additional rallies are scheduled to take place this week in Boston and around New England.
Contract negotiations involve about 35,000 workers from the Communications Workers of America (CWA) and another 10,000 from the International Brotherhood of Electrical Workers (IBEW), all located in the East Coast region, which spans from Virginia to New England.
Eze Castle Integration works closely with Verizon in helping our clients maintain connectivity to a variety of outlets, and we have informed our clients of the potential outcomes as a result of this looming strike.
Should a strike occur, all aspects of Verizon’s workflow will naturally be affected. Orders, due dates, installs and repairs would all need to be handled by overworked non-union workers. Turn-around times are expected to be significantly longer.
The strike will largely only affect Verizon customers in New England and New York, with the exception of anyone who has a point-to-point circuit line running back through either of these regions.
The Eze Communications Team is working diligently with our clients to prepare for any situation and make necessary adjustments. If you are a current client and have concerns about how the potential Verizon strike could affect your business, please contact your Client Relationship Manager or a member of the Eze Communications Team.