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AT&T reaches tentative agreement with Communications Workers of America

Posted on: Mon, 08 Feb 2010 12:27:52 EST

Symbols: T

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Feb 08, 2010 (TELECOMWORLDWIRE via COMTEX) --

US communication holding company AT&T (NYSE: T | Quote | Chart | News | PowerRating) announced on Monday it has reached a new tentative agreement with the Communications Workers of America in core wireline contract negotiations in CWA District 3 (AT&T's Southeast Region).

The financial details of the agreement were not disclosed.

The district covers approximately 30,000 employees in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.

The two sides returned to the bargaining table and reached the new agreement after District 3 members voted down a prior agreement that had been reached in December 2009. The three-year agreement will be submitted to the district's membership for a ratification vote in coming days.

According to the company, the new agreement, like the previous one, includes pay and pension band increases in each year of the agreement. Changes include lower health care premiums the second year of the agreement (there still would be no premiums the first year) rather than a health reimbursement account (HRA), as well as payouts in a reward programme keyed to the company's financial performance paid in cash rather than being paid into the HRA.

Six of the seven bargaining units representing the company's core wireline employees now have either ratified or tentative agreements; those agreements cover nearly 97% of the approximately 120,000 employees covered under the company's core wireline contracts. CWA District 1 - the company's East Region, covering employees in Connecticut - is the only region that is yet to reach a contract.

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