Verizon Cries Poor with $1 Billion a Month in Profits

Poor Verizon. In contract negotiations with CWA and the IBEW, the company says it just doesn't have the money for a fair contract for 39,000 workers from Virginia to Massachusetts.

That's why it wants to cut pay for workers hurt on the job, hit workers with big increases in health care costs and get rid of good jobs across the footprint. Surprised that a company that made $9.6 billion in profits last year doesn't have the money to do the things it should, like maintain the telephone network on which millions of people rely, keep its promises to build out FiOS broadband and negotiate a fair contract for the workers who have made it so successful?

Well, it's hard to make it on just $1 billion in profit every month. There are big executive salaries to pay, mansions to buy and debts to pay off.

CWA is focusing attention on just how ridiculous Verizon's claims are with a new website, GoFundVerizon.com. It's crowdfunding for the 1 percent.

Check it out.