AT&T T today announced that AT&T West has
reached a new tentative agreement with the Communications Workers of America
District 9 in wireline contract negotiations.
The four-year agreement covers more than 17,000 wireline employees in
California and Nevada, and will be submitted to the CWA's membership for a
ratification vote in the coming days.
The agreement would be effective as of April 8, 2012, and expire April 9,
2016.
The agreement includes general wage increases in each year of the contract –
2.25 percent effective Oct. 1, 2012, 2.75 percent in 2013, 3 percent in 2014,
and 2.5 percent in 2015. It includes a 1 percent pension band increase in each
year of the contract for most employees, and expansion to additional employees
of a provision that provides qualified surplus employees a guaranteed job
opportunity with AT&T. It maintains one of the most robust health care plans
in the nation, with increases in employee contributions.
AT&T wireline employees represented by the CWA earlier ratified, on Aug. 17,
three-year contracts for the Midwest region and AT&T Corp. (CWA
Telecommunications and Technology Office); on Dec. 7 a three-year contract for
the Southeast region; and on Feb. 27 a four-year contract in the Southwest.
These ratified agreements collectively cover about 60,000 CWA-represented AT&T
wireline employees. In addition, AT&T Midwest and AT&T National on March 26
reached a tentative four-year agreement with IBEW System Council T-3 covering
nearly 6,500 wireline employees primarily in Illinois and northwestern
Indiana.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in