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May 25, 2018
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CWA Newsfeed

Republicans Block Amendment to Rein in Bank Offshoring, While Passing Another Sweetheart Deal for Banking Industry

Rep. Mark Pocan’s Amendment to “Bank Lobbyist Act” Follows Recent CWA Report Detailing Growing Trend of Bank Offshoring
Tuesday, May 22, 2018

Washington, DC – Today, the U.S. House of Representatives advanced a bank deregulation that will roll back key provisions of the Dodd-Frank safeguards put in place after the 2008 financial crisis. The legislation, also known as the “Bank Lobbyist Act,” is the latest in a string of rewards for the banking industry delivered by this Congress. Meanwhile, Republicans blocked from consideration an amendment proposed by Rep. Mark Pocan (D-Wis.) that would have helped rein in the growing trend of big banks offshoring American jobs – a trend that is set to be accelerated by the Republicans’ tax bill from last December.

A recent report from CWA and the Committee for Better Banks detailed numerous examples of how major banks have been laying off American workers while ramping up operations overseas and exploiting workers in low-wage countries. Despite the offshoring practices detailed in the report, and the financial windfall the banking industry is set to gain as a result of the Republicans’ December 2017 “Tax Cut and Jobs Act,” there is no movement from the big banks to return jobs from overseas. In fact, leading analysts believe that the GOP tax bill actually will encourage the additional offshoring of American jobs. For example, the Congressional Budget Office (CBO) assessed that the Republicans’ tax bill will provide new incentives for corporations to offshore even more jobs by creating new tax rewards for profits made overseas.

Rep. Pocan’s amendment would have ensured that any financial institutions that have outsourced more than 50 jobs in any year over the past five years would be ineligible for some of the deregulatory provisions in the new legislation and would remain subject to stricter federal oversight. House Republican leaders’ blockage of the Pocan amendment from consideration follows Senate Republican’s earlier rejection of a similar amendment proposed by Senator Elizabeth Warren (D-Mass.) during debate of the bill in the Senate. This latest effort follows a letter sent by Senator Sherrod Brown (D-Ohio), Ranking Democrat of the Senate Banking Committee, to several of the nation’s largest banks urging them to return offshored work to the U.S. due to their large windfall from the new tax cuts.

House Republicans also blocked the House from even considering another amendment offered by Rep. Keith Ellison (D-Minn.-05) that would have prevented deregulation of big banks that use predatory sales goals and quotas like those that drove the Wells Fargo fake account scandal in setting employee compensation.

According to Shane Larson, Legislative Director of the Communications Workers of America (CWA), “Republicans keep passing sweetheart legislation for banks while refusing to allow any debate or votes on provisions to slow down or prevent these banks from shipping more and more American jobs all around the world. Through their support for rolling back Dodd-Frank, shifting the tax code to benefit big Wall Street banks like Wells Fargo and by their refusal to even hold these big banks accountable for their massive offshoring of American jobs and ongoing scandals and consumer abuses, Republicans have once again given Wall Street and major banks a blank check to continue their exploitation of American workers and consumers.”

Read the recent CWA/CBB report on bank offshoring: https://www.cwa-union.org/cwa-cbb-bank-offshoring-report

CWA Union Brother Loses Child in Texas Shooting
Dear Local 2222 members, It is with a heavy heart that we tell you a Union Brother, Darryl Claussen Jr, of CWA Local 6171 and his family lost their son, Christian Riley Garcia, in the tragic shooting at Santa Fe High School near Houston, Texas last Friday. A GoFundMe page has been set up for the family. The link is listed below... https://www.gofundme.
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We have lost a retiree and former Officer of our Local
We here at CWA Local 2222, with truly heavy hearts, are saddened to announce the passing of Fred James. Fred was a Verizon retiree and a former officer of our Local. For all information about his service and where to send flowers, visit  www.harrywitzkefuneralhome.
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Financial Consultants of America Dinner for Verizon Employees
FCA Seminar and Dinner for Verizon Employees Financial Consultants of America are hosting a seminar and dinner for Verizon employees tomorrow night at Red Hot & Blue on Chain Bridge Rd in Fairfax, VA at 6PM.
Read More...
Download: FCA Presentation.pdf
Verizon Special RSU Grant
We have attached two files with information about the 50 shares of Verizon stock from the RSU grant from Verizon.
Read More...
Download: Explanation letter from Verizon.pdf
Martin E. Gerel Memorial Union Scholarship 2018
Martin E. Gerel Memorial Union Scholarship 2018 This is a friendly reminder that the deadline to get applications in is quickly approaching. The deadline to submit applications for this scholarship is March 23, 2018. The application packet and instructions are attached below.
Read More...
Download: Martin E Gerel Memorial Union Scholarship 2018 Instruction Sheet.pdf
Verizon GPS monitoring in Sanders' organization
There will be a trial conducted in the Sanders’ organization. Management will use GPS data identifying incidents of speeding to make technicians aware of unsafe behaviors and to coach to improved behaviors.  The goal is to lower our preventable motor vehicle accidents.
Read More...
Verizon Contract 2016 Medical

Read More...
Download: Contract 2016 Medical.pdf

FutureLink and ACFC - May 2018 information

Attached is the current FutureLink and ACFC flyer for May 2018. Several things may be of interest: 1).  The ACFC offers to pay up to $100 any eligible employee for gym memberships and weight management programs. 2).  ACFC identifies website of made in America gift ideas for Father's Day 3).
Download: FutureLink and ACFC - May 2018.pdf

CWA Union Brother Loses Child in Texas Shooting

Dear Local 2222 members, It is with a heavy heart that we tell you a Union Brother, Darryl Claussen Jr, of CWA Local 6171 and his family lost their son, Christian Riley Garcia, in the tragic shooting at Santa Fe High School near Houston, Texas last Friday. A GoFundMe page has been set up for the family. The link is listed below... https://www.gofundme.

We have lost a retiree and former Officer of our Local

We here at CWA Local 2222, with truly heavy hearts, are saddened to announce the passing of Fred James. Fred was a Verizon retiree and a former officer of our Local. For all information about his service and where to send flowers, visit  www.harrywitzkefuneralhome.

Financial Consultants of America Dinner for Verizon Employees

FCA Seminar and Dinner for Verizon Employees Financial Consultants of America are hosting a seminar and dinner for Verizon employees tomorrow night at Red Hot & Blue on Chain Bridge Rd in Fairfax, VA at 6PM.
Download: FCA Presentation.pdf

Washington Nationals 12th Annual Labor Night

Washington Nationals 12th Annual Labor Night We are announcing the 12th Annual Labor Night with the Nationals. Enjoy $15 Labor Night tickets as the Washington Nationals take on the Atlanta Braves on Friday July 20 @ 7:05PM! A portion of the proceeds benefit Community Services Agency, AFL-CIO.
Download: SMFX4580N18041023031.pdf

Verizon Special RSU Grant

We have attached two files with information about the 50 shares of Verizon stock from the RSU grant from Verizon.
Download: Explanation letter from Verizon.pdf

Martin E. Gerel Memorial Union Scholarship 2018

Martin E. Gerel Memorial Union Scholarship 2018 This is a friendly reminder that the deadline to get applications in is quickly approaching. The deadline to submit applications for this scholarship is March 23, 2018. The application packet and instructions are attached below.
Download: Martin E Gerel Memorial Union Scholarship 2018 Instruction Sheet.pdf

Verizon GPS monitoring in Sanders' organization

There will be a trial conducted in the Sanders’ organization. Management will use GPS data identifying incidents of speeding to make technicians aware of unsafe behaviors and to coach to improved behaviors.  The goal is to lower our preventable motor vehicle accidents.

2017 General Election Results

Good morning CWA Local 2222 members and retirees, A message from our Election Committee: "Nominations for the CWA Local 2222 Executive Board were held at the September 19th membership meeting.


 
 
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