Striking Verizon Workers to Get $400 Million

The nearly 40,000 Verizon workers on strike will start receiving payments this week from a $400 million union fund to offset lost wages and benefits.

As the strike finishes its third week on Tuesday, both sides appear to be digging in for a longer job action than many anticipated. That could take a toll on Verizon’s business because most of the strikers work in servicing or installing wireline telephone and FiOS Internet and television service.