Telecom giant Verizon has threatened to suspend benefits to 45,000 striking workers if they do not return to work at the end of the month. The strike was called after negotiations after Verizon sought to cut health and pension benefits and obtain more leeway to fire workers. The strike is "the most important labor battle going on today," says Democracy Now! co-host and New York Daily News columnist Juan Gonzalez. "We’re not talking here about a General Motors or a company that’s in financial trouble. But Verizon is literally swimming in cash. [...] And yet, even with such a profitable company, you have a situation where it is demanding unprecedented givebacks from its workers. If Verizon, such a profitable company, can insist that its workforce has to do all of these cuts in their living standards, what does it mean about any other company in America? [...] The workers are vowing to keep this up as long as possible, because a company that is so profitable right now should not be insisting that its workers give up even more of the hard-fought gains they’ve had over the years." [includes rush transcript]moreless
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