AT&T Announces Tentative Deal with CWA for Southeast Wireline
AT&T (NYSE: T) today announced that it has reached a new tentative agreement with the Communications Workers of America District 3 in wireline contract negotiations for AT&T Southeast (BellSouth Telecommunications).
The three-year agreement covers more than 22,000 wireline employees in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee, and will be submitted to the CWA's membership for a ratification vote in coming days.
The two sides returned to the bargaining table and reached the new agreement after employees failed to ratify a prior agreement that had been reached in August.
The new agreement includes general wage increases in each year of the contract for most employees – 2.25 percent the first year, 2.75 percent the second year, and 3 percent the third year. It includes a 1 percent pension band increase in each year of the contract for most employees. It will upgrade service technicians and outside plant technicians to a new wage scale. It also expands to additional employees a guaranteed job offer provision that provides qualified surplused 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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.