AT&T Inc.the largest U.S. phone company, said its wireless division reached a tentative agreement with the Communications Workers of America in benefit negotiations for more than 40,000 employees nationwide.
The accord will be submitted to the CWA’s membership for a ratification vote, Dallas-based AT&T said in a statement today. The deal is focused on benefits including health care.
Wages, pension and work rules are negotiated under separate contracts.
Wages, pension and work rules are negotiated under separate contracts.
If ratified, the four-year agreement will take effect Jan. 1 and it covers topics such as health-care premiums and deductibles.
AT&T and competitors such as Verizon Communications Inc. regularly negotiate with unions over new contracts as rising network investment costs weigh on profit margins. More than half of AT&T’s employees are represented by CWA, the International Brotherhood of Electrical Workers or other unions, according to the company’s annual report.
No comments:
Post a Comment