CWA, IBEW and Verizon have reached an agreement in principle to extend the collective bargaining agreements for a four-year period. The current agreements are set to expire on August 3, 2019. If finalized, the agreements will extend through August 5, 2023. The company and the unions are documenting the understanding in signed contracts and expect to have that completed this week, at which time we will communicate further details.
The contracts will be subject to ratification by union members. We will keep you posted.