AT&T Announces Details of Tentative Agreement in Legacy AT&T Corp. Contract Negotiations
AT&T Inc. (NYSE:T) announced details of the tentative agreement reached with the Communications Workers of America in core wireline contract negotiations for employees covered under the CWA Communications and Technologies contract. The nationwide contract is the fourth to be reached with a bargaining unit representing the company’s core wireline employees and covers approximately 7,000 employees who work in locations across the country.
For the vast majority of employees, the three-year agreement provides for both wage and pension band increases in all three years. Wages will increase 3 percent in the first and second years and 2.75 percent in the third year. Pension bands will increase 2 percent inevery year of the agreement. And in the third year, for both wage and pension band increases, there is an opportunity for a cost-of-living adjustment tied to the Consumer Price Index.
The agreement also provides for continued good health care benefits with reasonable cost sharing. Health care benefits remain among the best in the nation, providing for fully funded preventive care and company-funded health reimbursement accounts that can be used toward any eligible health care expense.
A total of about 57,500 employees – roughly half of those covered under AT&T’s core wireline contracts – now have ratified or tentative agreements with AT&T. Negotiations are continuing in the other regions, including AT&T East (CWA District 1), Southeast (CWA District 3) and Southwest (CWA District 6).
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.
For the vast majority of employees, the three-year agreement provides for both wage and pension band increases in all three years. Wages will increase 3 percent in the first and second years and 2.75 percent in the third year. Pension bands will increase 2 percent inevery year of the agreement. And in the third year, for both wage and pension band increases, there is an opportunity for a cost-of-living adjustment tied to the Consumer Price Index.
The agreement also provides for continued good health care benefits with reasonable cost sharing. Health care benefits remain among the best in the nation, providing for fully funded preventive care and company-funded health reimbursement accounts that can be used toward any eligible health care expense.
A total of about 57,500 employees – roughly half of those covered under AT&T’s core wireline contracts – now have ratified or tentative agreements with AT&T. Negotiations are continuing in the other regions, including AT&T East (CWA District 1), Southeast (CWA District 3) and Southwest (CWA District 6).
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.
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