Verizon Communications Inc. and its striking unions have reached a tentative agreement,
On Friday, U.S. Secretary of Labor Thomas Perez said that the company and the unions — the Communications Workers of America and the International Brotherhood of Electrical Workers — are now putting the four-year agreement into writing.
“This tentative resolution is a testament to the power of collective bargaining,” Perez said in a statement.
Perez expects the workers to be back on the job this week.
An estimated 36,000 to 39,000 union workers have been on picket lines since April 13 with job security as the main issue. The employees, stationed from New England to Virginia, primarily serve Verizon’s landline business.