The latest Verizon strike 2016 update revealed that the workers will be paid this week. This comes after the protests have lasted for three weeks now.
Fortune reported that about 40,000 Verizon strikers will start getting payments this week. The money will come from a $400-million union fund intended to offset lost wages and benefits.
The Verizon strike 2016 has just finished its third week on Tuesday. Fran Shammo, the company's CFO, previously told analysts that the strike would not affect the business financially. However, representatives from the Communications Workers of America (CWA) have admitted that they are prepared to lengthen the battle.
"We think the strike is quite strong and the people are not crossing the lines and we have not seen anything that resembles concerns by members about going back to work," George Kohl, senior director for collective bargaining at the CWA, said to the media. "Their concern is to have something to have for the future. It's a quite dedicated strike."
Last week, Verizon announced that it will be adding "thousands" more temporary workers to its replacement workforce. These replacements are employees on special assignment and contractors that have finished or are currently enrolled in the company's technical training program.
The company also revealed that more than 20,000 employees and contractors were able to install thousands of new orders since the strike. The Verizon strike 2016 began on April 13, about 36,000 workers joined.
"While we strongly desire to reach a reasonable agreement with union leaders, we are also confident that Verizon customers fully understand our position," a spokesman for the company said. "Providing outstanding customer service is and will continue to be a top priority for Verizon during this work stoppage. Nothing will keep that from happening."
According to CNN, Verizon strikers want shareholders to help them with their cause at the company's annual meeting. The upcoming meeting will be held on Thursday.
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