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AT & T, labor union reach tentative contract deal

Tue, 12/15/2009 - 7:05am
The Associated Press

DALLAS (AP) – AT&T Inc. said Monday that it came to a tentative agreement in wireline contract negotiations with the Communications Workers of America in AT&T's southeast region, which includes 30,000 employees.

The proposed deal will be sent to the district's members for a vote in the next few days, AT&T said. The southeast region's previous contract expired in August.

The proposed agreement includes pay and pension raises for each of the contract's three years.

The company said that six of the seven bargaining units that represent AT&T's core wireline employees have ratified or have tentative agreements at this point, and that agreements pertain to almost 97 percent of the 120,000 employees that fall under AT&T's core wireline contracts.

The company still has not reached an agreement on a contract for its east region, which includes employees in Connecticut.

AT&T shares fell 5 cents in after-hours trading, after finishing regular trading up 4 cents at $28.05.

More Broadband Direct 12/15/09:
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•  CE biggies back yet another networking scheme
•  FCC seeking to close programming access loophole
•  TWC ratchets up 'Get Tough' initiative with new ads
•  Verizon taps into Wi-Fi hotspot network
•  Nexus One gets FCC OK on GSM bands
•  Verizon debuts self-help tool for video service
•  Dinallo joins ADB
•  Best Buy's Q3 profit up; co. sees slimmer margins
•  Samsung Electronics shuffles management team
•  AT&T, labor union reach tentative contract deal
•  Broadband Briefs for 12/15/09
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