Phone Unions Ratify Contract, End Strike
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From Times Wire Reports
Telephone unions opposed to the proposed sale of Puerto Rico’s state-owned phone company to GTE Corp. voted overwhelmingly to ratify a contract pact and end a 41-day strike. Two unions representing about 6,200 employees, struck June 18 to stop the government’s plan to sell the company. Their concern was job security. GTE originally offered $1.85 billion for Puerto Rico Telephone in a bid that guaranteed jobs for one year. It upped the bid to $2 billion and guaranteed jobs indefinitely after a Spanish firm offered a counter offer.
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