AT&T Releases Details of Tentative Agreement in Mobility Contract Negotiations
Published on Friday, 08 March 2013 17:08 Written by TradersHuddle Staff
DALLAS, March 8, 2013 /PRNewswire/ -- AT&T* today provided details of a tentative agreement AT&T Mobility reached Feb. 22 with the Communications Workers of America in contract negotiations covering more than 20,000 AT&T Mobility employees in 36 states and the District of Columbia.
The four-year agreement covers Mobility employees in CWA Districts 1, 2/13, 4, 7, and 9 – generally in the Northeast, Mid-Atlantic, Midwest, Mountain States and West Coast. It will be submitted to the CWA's membership for a ratification vote in coming days.
The agreement would be effective February 10, 2013 and expire February 11, 2017. If it is ratified on or before April 5, 2013 a ratification bonus of $1,000 will be paid to each eligible employee.
The agreement includes general wage increases in each year of the contract – 2 percent the first year, 2.5 percent the second year, 2.25 percent the third year, and 3 percent the fourth year. It maintains pensions for all employees, plus retirement savings plans, with no changes.
Health care and other benefits are bargained separately. CWA members in October ratified a separate four-year benefit agreement for all CWA-bargained Mobility employees nationwide.
*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.
© 2013 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.
SOURCE AT&T Inc.
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