WASHINGTON, D.C. — “I am extremely pleased to announce that at the culmination of two months of intense but constructive, highly focused negotiations under the auspices of myself and my colleagues, the parties negotiated a successor collective bargaining agreement. This successful outcome is yet another example of the fact that the process of collective bargaining—a cornerstone of our industrial democracy system—provides the parties the best opportunity to accommodate their strongly held competing positions.

 

“After more than one year of direct negotiations, the parties entered mediation essentially at a standstill on a score of significant core issues. Ultimately, however, the parties committed to a problem-solving mindset which paved the way to their achieving a comprehensive agreement.

 

“It was an honor and privilege for myself, Deputy Director Scot Beckenbaugh and Director of Mediation Services John Pinto to have assisted the Communications Workers of America and the International Brotherhood of Electrical Workers, two highly respected unions representing approximately 43,000 working men and women, and Verizon Communications Inc., one of the nation’s leading corporations, in this noteworthy endeavor. In plain terms, this agreement will provide a stable working environment for all parties concerned over the course of the next three years.

 

“Out of respect for the ratification processes to be applied by each party, the Agency will not disclose any of the details of this agreement.”