Ok, just have to clarify here....I work for Verizon, and am out on strike right now. I REALLY don't want to get into the whole +/- of unions, but had to say that Verizon makes BILLIONS of $$$ a year in profits. And, as you see, they obviously have the money to ship in workers and pay $300 a night each for a person's hotel, food and flight. But, they can't seem to pay the workers who only want a fair contract???
I can tell you that Verizon came to the bargaining table with over 100 concessions they wanted the union employees to make. These include huge contributions to an inferior health care plan, a freeze in pensions, no wage increase over the course of the contract (usually 3 years), and here's a big one, no job security, and the ability to transfer jobs. (hmmm, to India, perhaps?! or to non-union locations, since the new Ceo is from Verizon Wireless where they HATE unions) That is only a sampling.
I understand that in this economy, the idea is, "well, you have a job, so just shut up, and go to work." And trust me, I'd love to. As a single mom, this is really going to hurt me financially, if we are out of work for a while. But, why should a company that some people have spent their lives at (we have people with 40+ years of service on the job) have everything that they have worked so hard for, just taken from them? Coporate greed, plain and simple.
I'm not sure why people get all over the middle class workers when corporations like these are taking huge government buyouts, given 'golden parachutes" to top executives, care ONLY for the bottom line, etc. So many corporations just do whatever they want to their workers now. Verizon has done it to all of their lower level managers already. They WISH they had some sort of union protection. I hear it everyday. And once the strike is over, they'll be letting a bunch of them go, I'm sure! They've done it before.
Verizon is not a struggling company. Let's take a look:
2011 annualized revenues are $108 billion and annualized net profits are $6 billion.
Verizon Wireless just paid its parent company and Vodaphone a $10 billion dividend.
Verizons top five executives received compensation of $258 million over the past four years
Oh, and by the way, they pay NO federal taxes.
The union members aren't asking for anything MORE than they deserve or currently have. They aren't asking for unreasonable demands, just to keep most of what they already have.