Verizon offers union its 'last, best and final offer' [telecom]

open original image

In a statement released Thursday, Verizon said that it had met with union leaders and presented them with a contract after more than 10 months of negotiation.

The news comes more than two weeks after 36,000 workers went on strike

-- the largest since 2011.

According to Verizon, the proposal includes a 7.5% wage increase and protection from layoffs.