Verizon reaches deal with 36,000 striking workers

Thousands of Verizon workers walk off the job

Verizon and its striking labor unions reached a tentative deal on Friday, potentially ending a six-week labor dispute involving 36,000 workers.

U.S. Labor Secretary Thomas Perez announced that Verizon and the unions have reached an “agreement in principle” on a four-year contract. He said he expects Verizon’s (VZ, Tech30) striking workers to be “back on the job next week.”

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