|By PR Newswire||
|December 21, 2012 05:29 PM EST||
DALLAS, Dec. 21, 2012 /PRNewswire/ -- AT&T* today announced that AT&T Southwest has reached a tentative agreement with the Communications Workers of America District 6 in wireline contract negotiations.
The four-year agreement covers about 20,000 wireline employees in Arkansas, Kansas, Missouri, Oklahoma and Texas, and will be submitted to the CWA's membership for a ratification vote in coming days.
The two sides agreed earlier this month to start negotiations early. The current contract expires on April 6, 2013.
If the agreement is ratified on or before Jan. 31, 2013, a ratification bonus of $1,000 will be paid to each eligible employee. The agreement would be effective April 7, 2013 and expire April 8, 2017.
The agreement includes general wage increases in each year of the contract -- 2.25 percent the first year, 2.5 percent the second year, 2.75 percent the third year, and 3 percent the fourth year. It includes a 1 percent pension band increase in each year of the contract for most employees, and an expansion to additional employees of a guaranteed job offer provision that promises 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); and on Dec. 7 a three-year contract for the Southeast region. These ratified agreements collectively cover about 40,000 AT&T wireline employees.
More information will be posted as it is available at www.att.com/corewirelinebargaining
*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.
AT&T Inc. (NYSE:T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's largest 4G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T | DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world.
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. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATT.
© 2012 AT&T Intellectual Property. All rights reserved. 4G not available everywhere. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company's website at www.att.com/investor.relations. Accompanying financial statements follow.
SOURCE AT&T Inc.
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