Verizon Committed to Continuing to Negotiate

NEW YORK - The Communications Workers of America issued a press release earlier today, setting a bargaining deadline for completing contract negotiations with Verizon Communications (NYSE:VZ).  The following response should be attributed to Peter Thonis, Verizon's chief communications officer.

"We are very surprised, given the situation.  We and the union leadership have been making consistent progress and have resolved most of the important issues.  This has been a complex process involving several bargaining tables and a number of local matters, which we are respectfully addressing.  Verizon is committed to continuing to negotiate for as long as it takes to complete the process."