Today, May 5, stand in solidarity with Verizon workers who are on strike—fighting for fair pay and benefits.

Despite making $39 billion in profits over the last three years and paying an effective tax rate of negative 2.5 percent from 2008 to 2013, Verizon—a wealthy multinational corporation—has been looking for ways to further enrich its executives and stockholders at the expense of its workers.

Verizon has already offshored 5,000 jobs to the Philippines, Mexico, the Dominican Republic, and elsewhere. It is pushing to outsource more work to low-wage contractors—threatening the job security of current employees.

Further, Verizon is attempting to cut employees’ benefits, including freezing pensions at 30 years of service.

At a time when CEOs are paid 300 times more than the typical worker, it is unreasonable that Verizon is attempting to slash the job and retirement security of its East Coast workers.

Verizon workers are striking to preserve strong union jobs for themselves and those who come after them. It is an important strike that will set the terms of the relationship between the CWA and Verizon for years to come and one that has implications for all workers. It is thus important for us to stand in solidarity with Verizon strikers.