Forty-five thousand unionized Verizon Communications Inc. workers went on strike Sunday after negotiations with the telecommunications company over a new labor contract stalled.
Verizon spokesman John Bonomo said the company has a contingency plan. In a statement released Sunday, the company said it has trained "tens of thousands" management employees, retirees and others to take on the jobs of union workers. The strike does not affect Verizon's wireless division.
Despite earning $2.5 billion last year, Verizon is dealing with a changing market, Bonomo said. More people are eliminating land lines, and there is more competition from other wireless carriers and competitors such as the internet phone service Skype, he said.
The company is seeking a number of concessions, including asking workers to contribute up to $100 a month toward health care costs, Bonomo said.