Fairpoint Communications, our telephone company, was struck by its union back in October. According to NHPR and the Union Leader, they settled the strike today.
Funny thing, neither NHPR or the Union Leader would disclose any terms of the settlement. Fairpoint has been losing money over the years, actually since it bought the business off of Verizon, quite a few years ago. And surely the rise of cell phones is eating into Plain Old Telephone Service (POTS for short) sales. For instance none of my three children have POTS, they all use cell phones. I under stand the Fairpoint workers all have "defined benefit" pensions, which require the company to stay in business in order to pay off. If the union presses Fairpoint too hard, it could go under.